US discount retailer Grocery Outlet has secured private equity investment from Berkshire Partners, it has been announced.
Go deeper with GlobalData
The California-based retailer claims it offers “extreme bargains” on branded products and has over 130 stores in the western US. The stores are run by independent operators.
“We believe Grocery Outlet has a unique operating model that offers customers tremendous values on brand names they trust in a friendly, high quality shopping environment,” said Berkshire Partners MD Chris Hadley.
The private equity firm said only that it had made an “equity investment” in the business and declined to disclose financial details or the size of any shareholding.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
