Business & Tech

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.

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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. 

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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?


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