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, including the one just up Route 3 on Spit Brook Road in Nashua.
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 of the northern Midwest.
The Herald also reports that the deal has industry analysts guessing that some of the Shaw’s and Star Markets could be sold off again to others after the deal is done.
Do you shop at Shaw's or Star? Does it matter to you who owns the company?
resident
2:39 pm on Tuesday, January 15, 2013
They should never have been allowed to build on Chelmsford Street.
I'm also very interested in what will happen with their property behind CVS.
Sue Carter
3:19 pm on Tuesday, January 15, 2013
I'm curious as to your rationale. The old cinema building sat there for years, all boarded up looked light urban blight and was a fire hazard. The site was zoned for retail and the new site is not 100% pavement and included some traffic improvements (they got their approvals prior to the Rte 3 widening but were tied up in court so not all the traffic woes can be blamed on them). (remember how bad traffic was with the movies??) As it was, they fought appeals from Valley Properties (Market Basket) for 11 years. At least the building looks nice and generates more taxes than the vacant cinema building.
Graham Bardouleau
3:37 pm on Tuesday, January 15, 2013
Why are you talking about Stop and Shop. The article is about Shaw's and Star Market.