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Today's Headlines: Masks on. Masks off. Masks on again at the White House

Today's Headlines: Masks on. Masks off. Masks on again at the White House
latimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from latimes.com Daily Mail and Mail on Sunday newspapers.

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State fines El Super grocery chain $447,000 for failing to provide COVID sick leave

State fines El Super grocery chain $447,000 for failing to provide COVID sick leave
latimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from latimes.com Daily Mail and Mail on Sunday newspapers.

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Smart & Final marks 150th anniversary

Social media campaigns kicked off to highlight one of the nation’s longest-operating food retailers ....

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Smart & Final to be acquired by Bodega Latina for $620 million

Warehouse-style grocer to operate as separate unit of Grupo Comercial Chedraui
The private-equity parent of Smart & Final plans to sell the warehouse-style grocery chain to Bodega Latina Corp., a subsidiary of Mexican retailer Grupo Comercial Chedraui.
Under the agreement, announced Thursday evening, Bodega Latina would acquire Smart & Final Holdings from funds managed by affiliates of New York-based parent Apollo Global Management in a deal valued at about $620 million, including the assumption of debt. Apollo had acquired Smart & Final in a $1.12 billion leveraged buyout in June 2019.
Plans call for Smart & Final to retain its existing operations and management team, led by CEO David Hirz. Currently, Smart & Final operates 254 stores under the Smart & Final Extra! (198 locations) and Smart & Final (56 locations) banners in California, Arizona and Nevada. Smart & Final marking its 150th anniversary in 2021 generated U.S. revenue of about $4.1 billion in its ....

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Mexican grocer Grupo Comercial Chedraui to buy Smart & Final Holdings in $620 mln deal

By Reuters Staff
2 Min Read
May 13 (Reuters) - Grupo Comercial Chedraui said on Thursday its unit would buy warehouse store business Smart & Final Holdings Inc for $620 million, including debt, as the Mexican grocer looks to expand its footprint in the United States.
Private equity firm Apollo Global Management Inc is selling Smart & Final to Grupo Comercial Chedraui’s (GCC) subsidiary Bodega Latina Corp.
The deal is expected to close in the second or the third quarter, pending U.S. and Mexican regulatory approvals and other customary closing conditions.
Apollo acquired reut.rs/33NQebr Smart & Final in 2019 for about $1 billion and sold reut.rs/2QiSFQo its warehouse unit last year for $970 million to US Foods Holding Corp. ....

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