The Toledo Blade reports that Spartan Stores may be trying to sell or find a partner to acquire part of Food Town Supermarkets, which it bought less than three years ago.
The paper reports that all 39 Food Town units have been listed as “for sale” in an information sheet put together by a local investment banking firm.
Spartan has not officially confirmed the sales effort.
The paper reports that all 39 Food Town units have been listed as “for sale” in an information sheet put together by a local investment banking firm.
Spartan has not officially confirmed the sales effort.
- KC's View:
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Remarkable, isn’t it, how the world has changed over the past three or four years.
We suspect that Spartan will make a deal if it can find a buyer willing to meet its demands, but will hold off if it cannot. This gives the company flexibility in its moves…especially because it is so difficult to project where the economy and competitive situation will be in six weeks, much less six months from now.
