Save A Lot Continues With Re-licensing Deals
The discount grocery chain sold 51 Tampa Stores to Fresh Encounter as part of ongoing re-licensing program. Save A Lot has sold its 51 company-operated stores in the Tampa, Florida market to Fresh Encounter, a current Save A Lot Retail Partner licensee, as the grocer continues to convert its corporate-owned stores to local operations. The sale is part of an ongoing re-licensing program through which Save A Lot intends to transition to a wholesale model by selling more than 300 corporate-operated locations to new and existing retail partners who will continue to operate the stores unde...
Source: progressivegrocer.com