Save A Lot Announces Sale of 51 Stores to Fresh Encounter
Save A Lot, one of the largest discount grocery chains in the U.S., today announced the latest update to its wholesale model transition with the sale of its 51 company-operated stores in the Tampa, Florida market to Fresh Encounter, a current Save A Lot Retail Partner licensee. Fresh Encounter will continue to operate the stores under the Save A Lot banner.
Today’s announcement builds on the successful completion of a comprehensive recapitalization of the business and significant deleveraging of the Company’s balance sheet in early 2020...
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