How Will Sale of Shaw's & Star Market Change Our Local Grocery Stores?
No immediate changes planned, but store leases could eventually be sold, analysts say.
The new owners of local Star Market and Shaw's supermarkets say no immediate changes are planned for the stores. There is a Shaw's in Medford at 61 Locust St., across from the Meadow Glen Mall. According to the Boston Globe, there are 155 Shaw's and 14 Star Markets with 17,000 employees. In November the troubled company had announced cutting 700 jobs. The new owners, an investor group led by Cerberus Capital Management, bought the stores as part of a bigger $3.3 billion deal. Cerberus also controls the locally based Steward Health Care System network of community hospitals. The Boston Herald says Albertson's will take over all the New England Shaw's and Star Markets. Albertson's is a well-known supermarket brand name in the West and parts…
In this Article:
Gabrielle
1:30 pm on Tuesday, January 15, 2013
Market Basket has definitely taken the steam out of Shaws, and Stop and Shop is now a better deal as well, but Star/Shaws is part of the fabric of the area and we all use it sometimes , I would guess. more ›