Current:Home > NewsAldi to buy 400 Winn-Dixie, Harveys groceries in Southern US-Angel Dreamer Wealth Society D1 Reviews & Insights
Aldi to buy 400 Winn-Dixie, Harveys groceries in Southern US
View Date:2024-12-23 22:31:45
Discount grocer Aldi said Wednesday it plans to buy 400 Winn-Dixie and Harveys supermarkets in the southern U.S.
Under a proposed merger agreement, Aldi will acquire all outstanding shares of Jacksonville, Florida-based Southeastern Grocers Inc., the parent company of Winn-Dixie and Harveys. If the deal is approved by regulators, it’s expected to close in the first half of 2024.
Financial terms of the deal weren’t disclosed. Both Southeastern Grocers and Aldi are private companies. Aldi is based in Germany with a U.S. headquarters in Batavia, Illinois.
Aldi said the deal supports its long-term growth strategy in the U.S., where it expects to have 2,400 stores by the end of this year. The Winn-Dixie and Harveys supermarkets it’s acquiring are primarily in Alabama, Florida, Georgia, Louisiana and Mississippi.
Aldi said it will convert some locations to its own brand and format, which cuts costs with features like lean inventories and self-bagging. But it will operate some stores under the Winn-Dixie and Harveys brands.
The deal comes amid wider consolidation in the grocery industry as customers increasingly defect to big box stores like Walmart, which controls more than 20% of U.S. grocery sales. Last fall, Kroger and Albertsons __ two of the largest U.S. grocery chains __ announced plans to merge in a $20 billion deal. Regulators are reviewing that plan now; if it’s approved, it is expected to close early next year.
Southeastern Grocers also plans to sell its 28 Fresco y Mas stores to Fresco Retail Group, an investment company, which will continue to operate them under the same brand.
veryGood! (632)
Related
- 2 more escaped monkeys recaptured and enjoying peanut butter and jelly sandwiches in South Carolina
- Pair of former Detroit Tigers scouts sue team alleging age discrimination
- Missouri closes strong to defeat shorthanded Ohio State in Cotton Bowl
- Pregnant Jessie James Decker Enjoys Beach Trip With Big Daddy Eric Decker
- Former North Carolina labor commissioner becomes hospital group’s CEO
- Live updates | Tens of thousands of Palestinians stream into Rafah as Israel expands its offensive
- Activists who engage with voters of color are looking for messages that will resonate in 2024
- Driverless car startup Cruise's no good, terrible year
- Tua Tagovailoa tackle: Dolphins QB laughs off taking knee to head vs. Rams on 'MNF'
- Flash floods kill 21 people in South Africa’s coastal province of KwaZulu-Natal, police say
Ranking
- Angels sign Travis d'Arnaud: Former All-Star catcher gets multiyear contract in LA
- Tampa Bay Rays' Wander Franco fails to show up for meeting with Dominican prosecutor
- Pregnant Jessie James Decker Enjoys Beach Trip With Big Daddy Eric Decker
- SoundHound AI Stock has plunged. But could it be on the upswing next year?
- Supreme Court seems likely to allow class action to proceed against tech company Nvidia
- Broadway actor, dancer and choreographer Maurice Hines dies at 80
- Powerful Pacific swell brings threat of more dangerous surf to California
- Gunmen kill 6 people, wound 26 others in attack on party in northern Mexico border state
Recommendation
-
Traveling to Las Vegas? Here Are the Best Black Friday Hotel Deals
-
Dart leads No. 11 Ole Miss to 38-25 Peach Bowl rout of No. 10 Penn State’s proud defense
-
Top global TikToks of 2023: Mr. Bean of math, makeup demo, capybaras!
-
Authorities beef up security for New Years Eve celebrations across US after FBI warnings
-
Jennifer Garner and Boyfriend John Miller Are All Smiles In Rare Public Outing
-
Trump's eligibility for the ballot is being challenged under the 14th Amendment. Here are the notable cases.
-
Michael Pittman Jr. clears protocol again; Colts WR hopeful for return Sunday
-
A look at Russian missile attacks on Ukrainian targets since the war began in February 2022