Shaw's And Star Market
Shaw's and Star Market are two American grocery store chains based in West Bridgewater, Massachusetts, employing about 30,000 associates in 169 stores. The company offers products under its private labels, including those by Richelieu Foods. Star Market is a companion store to Shaw's, having been purchased the competing chain in 2004.
Shaw's and Star Market are wholly owned subsidiaries of the Boise, Idaho–based Albertsons LLC. The combined chain has the largest base of stores that operate in New England, but is the third-largest behind Quincy, Massachusetts-based Stop & Shop and Scarborough, Maine-based Hannaford Bros. Co.; Hannaford operates stores in New York while Stop & Shop's operation extend into New Jersey, but Shaw's does business strictly in its core area.
Until 2010, Shaw's operated stores in all six New England states; as of 2011 Shaw's remains the only supermarket chain with stores in five of the six after it sold its Connecticut operations.
Shaw's was acquired by Albertsons in 2004, which acquired the chain from J Sainsbury plc for $2.5 billion. In 1999, Shaw's acquired the Star Market chain. Star Market had been owned by Investcorp, which in turn purchased the chain from American Stores in 1994. American Stores had acquired Star Market through its hostile takeover of Jewel Companies, Inc. in 1984. Jewel acquired Star Market in 1964.
Shaw's operates 156 stores in Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont, while Star Market operates 13 stores in Massachusetts. Shaw's has an advantage over its competitors as its core area includes Greater Boston, Manchester, New Hampshire, Burlington, Vermont, and Portland, Maine; and resort areas (Cape Cod, the mid-coast of Maine, and Vermont's ski towns.) The chain's largest competitors are Hannaford, Market Basket, and Stop & Shop.
In November 2012, Shaw's and its then-parent company, SuperValu, announced that Shaw's would lay off 700 employees in an effort to re-group and end financial losses. It also disclosed it had been looking for a buyer.
In January 2013, Cerberus Capital Management announced a deal to acquire 877 stores in the Albertson's, Acme, Jewel-Osco, and Shaw's and Star Market chains from SuperValu for $100 million and acquisition of $3.2 billion on SuperValu debt. The deal closed on March 21, 2013.
Read more about Shaw's And Star Market: Osco Drug, Brands, References
Famous quotes containing the words shaw, star and/or market:
“Every doctor will allow a colleague to decimate a whole countryside sooner than violate the bond of professional etiquet by giving him away.”
—George Bernard Shaw (1856–1950)
“The star is the ultimate American verification of Jean Jacques Rousseau’s Emile. His mere existence proves the perfectability of any man or woman. Oh wonderful pliability of human nature, in a society where anyone can become a celebrity! And where any celebrity ... may become a star!”
—Daniel J. Boorstin (b. 1914)
“I respect not his labors, his farm where everything has its price, who would carry the landscape, who would carry his God, to market, if he could get anything for him; who goes to market for his god as it is; on whose farm nothing grows free, whose fields bear no crops, whose meadows no flowers, whose trees no fruit, but dollars; who loves not the beauty of his fruits, whose fruits are not ripe for him till they are turned to dollars. Give me the poverty that enjoys true wealth.”
—Henry David Thoreau (1817–1862)