Business & Tech
How Will Shaw's Sale Change City's Grocery Stores?
No immediate changes planned, but store leases could eventually be sold, analysts say.
The new owners of local Shaw's supermarkets say no immediate changes are planned for the stores.
Portsmouth has one Shaw's supermarket on Woodbury Avenue.
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.
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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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