The purchase of nearly 150 grocery store locations in the Northwest meant to provide consumers with more options in the face of a mega-merger between chains Albertsons and Safeway has come to a rather disastrous end: Haggen Inc. plans to close most of those locations after its quick expansion turned sour and the company filed for bankruptcy. [More]
Haggen
West Coast Grocery Chain Haggen Sues Albertsons For $1B Over Misrepresentations In Acquired Stores
By 9.3.15
Nine months ago, when Albertsons and Safeway had to sell off a bunch of stores to make their $9.2 billion merger more palatable, the Washington-based Haggen supermarket chain agreed to snap up nearly 150 of those locations. Now Haggen, in a $1 billion lawsuit, says the sale of these stores was really a calculated effort on Albertsons’ part to eliminate competition. [More]
