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How Will Sale of Shaw's Change Our Local Grocery Stores?

Shaw's and Star Market are part of a $3.3 billion sale. No immediate changes planned, but store leases could eventually be sold, analysts say.

The Shaw's and Star Market chains have been sold off as part of a multi-billion dollar deal, but the new owners of the local supermarkets say no immediate changes are planned for the stores.

There is one Shaw's in Peabody behind the Northshore Mall.

According to the Boston Globe, there are 155 Shaw's stores 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? Does it matter to you who owns the company?

Saber Walsh January 11, 2013 at 05:07 PM
So Cerberus owns both Shaw's and Steward Health. So you can get your Wheaties in Aisle 7 and your colonoscopy on Aisle 12? Don't ask what happens on Aisle 13!!
Jose O January 12, 2013 at 09:03 PM
Who cares? Shaw's is ridiculously overpriced anyways...I only stop here if I need 1 or 2 quick items. You spend at least 20% more by doing your weekly shopping here. It is a convenient location...but not worth the extra cost. Go in there on a Saturday and you see like 3 cashiers working...far cry from other supermarkets. And, by the way, why have self-checkout if you don't allow anyone to use it???

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