Stop & Shop buys Bethpage-based King Kullen grocery chain

TRD New York /
Jan.January 07, 2019 04:47 PM

Bethpage-based supermarket chain King Kullen has been bought by Stop & Shop for an undisclosed sum, according to Newsday. The deal should close in the first quarter of this year. Quincy, Massachusetts-based Stop & Shop, which is a unit of Dutch food retail giant Ahold Delhaize, will assume control of King Kullen’s 32 supermarkets along with five Wild by Nature natural food stores. Stop & Shop will also acquire King Kullen’s Bethpage corporate headquarters. King Kullen had shuttered five stores between 2015 and 2017, though it did open one new locale in North Patchogue in 2015. The sale of King Kullen last week came at the same time that Lidl US, the American arm of Germany’s Lidl grocery chain, closed on its purchase of Bethpage-based Best Market, which runs 24 stores throughout Long Island. [Newsday]


Related Articles

arrow_forward_ios
In the Hamptons, the median sales price hit $1,080,000, up 9 percent over the first quarter (iStock)

Home prices set new records as inventory falls across Long Island

Home prices set new records as inventory falls across Long Island
Clockwise from top left: Deirdre O'Connell of Sotheby's International Realty, Paul Breunich of Sotheby's International Realty, and Heather Harrison of Compass

Tri-State brokers are busier than ever as buyers warm to suburban living

Tri-State brokers are busier than ever as buyers warm to suburban living
The New York State Senate subpoenaed several top names in real estate

Elliman, RE/MAX, Keller Williams subpoenaed in discrimination probe

Elliman, RE/MAX, Keller Williams subpoenaed in discrimination probe
Compass' Rory Golod and Long Island’s North Shore (Credit: Long Island)

Compass sets sights on Long Island’s North Shore

Compass sets sights on Long Island’s North Shore
Governor Andrew Cuomo (Credit: Getty Images)

Cuomo announces new state rules following Newsday’s discrimination exposé

Cuomo announces new state rules following Newsday’s discrimination exposé
How healthcare is saving Long Island’s office & retail markets

How healthcare is saving Long Island’s office & retail markets

How healthcare is saving Long Island’s office & retail markets
The bombshell probe also found that minorities had to meet more stringent financial qualifications than white buyers. (Credit: iStock)

LI agents routinely discriminate against minority buyers, probe finds

LI agents routinely discriminate against minority buyers, probe finds
Islanders expect to break ground on Belmont arena project this summer, late composer’s Sands Point estate has another price cut & more Long Island real estate news

Islanders expect to break ground on Belmont arena project this summer, late composer’s Sands Point estate has another price cut & more Long Island real estate news

Islanders expect to break ground on Belmont arena project this summer, late composer’s Sands Point estate has another price cut & more Long Island real estate news
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...