USA: Safeway takes Dominick's off the market
US supermarket operator Safeway has announced that it has taken Dominick's, its Chicago-based grocery retail chain, off the market. Safeway announced in November 2002 that it was putting the Dominick's division up for sale, after a dispute with unions. "The unions and the winning bidder have told us they cannot reach an agreement on an acceptable labour contract," said Safeway chairman, president and chief executive officer, Steve Burd. "As a result, it makes more sense for us to stop marketing the chain and focus instead on improving Dominick's operations. Safeway shareholders will be better served by having us operate the stores instead of selling them for an unacceptably low price."
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