Safeway Enters Into Agreement to Sell 11 Dominick's Stores to Roundy's


Mon. December 2nd, 2013 - by Jordan Okumura-Wright

<p>Safeway has reached a definitive agreement to sell 11 of its Dominick's stores in the Chicago metropolitan area to Roundy's, Inc in a cash and lease assumption transaction. </p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p><img class="small-cropped-image" src="https://cdn.andnowuknow.com/legacySmallCroppedImages/robM.jpg" alt="Cropped images December 01st 2013" width="120" />With former Dominick's employees now in Roundy's executive ranks including Robert Mariano, CEO and President of Roundy's; Steve Jarzombek, VP of Produce and Donald Rosanova, Executive Vice President of Operations, this begs the question... could Roundy's have gotten the pick of the litter? </p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p><img class="small-cropped-image" src="https://cdn.andnowuknow.com/legacySmallCroppedImages/donRosanova.jpg" alt="Cropped images December 01st 2013" width="120" style="float:right" />Roundy's will acquire the locations during a transition period that will take place over the next two months, according to a press release. The transaction is subject to customary closing conditions. </p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p>Safeway revealed earlier this year that it had made the decision to exit <img class="small-cropped-image" src="https://cdn.andnowuknow.com/legacySmallCroppedImages/steveJ.jpg" alt="Cropped images December 01st 2013" width="120" /> the Chicago market and focus its efforts in other operating areas where its business is stronger. Safeway continues to be actively engaged in a process to identify purchasers for its remaining stores in the Chicago market. Four stores in the greater Chicago area have already been sold to New Albertsons, Inc., which operates Jewel-Osco grocery stores.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">The eleven stores in the Roundy's agreement are:<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">• Park Ridge: 1900 S. Cumberland Ave.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">• Western Springs: No. 14 Garden Market St.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">• Chicago: 3145 S. Ashland Ave.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">• Chicago: 2021 W. Chicago Ave.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">• Northfield: 1822 Willow Rd.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">• Westchester: 3020 S. Wolf Rd.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">• Buffalo Grove: 450 Half Day Rd.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">• Chicago: 5201 N. Sheridan Rd.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">• Gurnee: 6655 Grand Ave.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">• Aurora: 3025 E. New York St.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">• Shorewood: 950 Brook Forest Ave.</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p>Stay tuned to AndNowUKnow as the remaining Dominick's stores find their new owners.</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href="http://phx.corporate-ir.net/phoenix.zhtml?c=64607&amp;p=irol-contact" target="_new">Safeway</a></p><hr class="legacyRuler"><hr class="invisible minimal-padding">