US: Publix "interested" in regional retailer Harris Teeter
Neither Publix nor Ahold have made a formal bid yet
US supermarket group Publix is reported to be interested in purchasing regional US retailer Harris Teeter.
According to Bloomberg, Publix will join Dutch retailer Ahold in making a bid for the retailer later this month. Ahold was last month reported to be interested in placing a bid for the 200-store company.
Harris Teeter last month confirmed it was exploring a possible sale. It said it was approached by two private-equity firms that had expressed an interest in purchasing the company.
Neither Publix nor Ahold have made a formal bid yet, sources told the publication.
Harris Teeter operates around 200 stores in North Carolina, South Carolina, Virginia, Georgia, Tennessee, Maryland, Delaware, Florida and Washington DC.
First-round bids are expected to be placed mid-March or later, Bloomberg reported.
A spokesperson for Publix said the company did not comment on rumour or speculation.
After Lindt & Sprungli reported higher solid first-half results last week, just-food interviewed the Swiss chocolate group's CEO Ernst Tanner to discuss its growth in mature markets and its patient st...
The results continued to roll in last week and we heard from the likes of Hain Celestial and Ahold on how they performed and their outlook for the year ahead. Just-food also spoke with Lindt & Sprüngl...
ICA Gruppen, the Sweden-based retailer, has reported higher profits but lower sales for the first full quarter since coming under new ownership....
- US food next wave on display at Winter Fancy Food
- Does Kraft Heinz want to swallow Unilever whole?
- Comment: Meal kits in US - don't believe the hype
- How General Mills plans to grow - CAGNY
- Focus: Nestle CEO plan to balance sales, earnings
- Unilever launches operational review
- Kraft Heinz pulls Unilever bid
- Kerry operating earnings strengthen on slow sales
- Glanbia focuses on nutrition with Irish dairy spin
- General Mills issues profit warning