The North Carolina based grocery chain is no longer on the table as a potential buyer Ukrop’s. Looks like a private company will be taking the reins.
According to Supermarket News, Harris Teeter was outbid by a private equity group who is currently in exclusive negotiations with Ukrop’s. Word is that should the sale be finalized, the grocer will retain the name and maintain its practice of not selling alcohol and being closed on Sundays. No comment from the Ukrop clan at this point.
Read the full story here.
We’ll post updates as they come…
(Thanks to Richmond Good Life for the tip.)