Ukrop’s deal falls apart
The private equity group set up to take over Ukrop’s dropped out of the bidding conversation last week. According to an anonymous source speaking to Supermarket News, “contractual issues and inability to get financing” were the main reasons why the deal broke down. Ukrop’s (who has never acknowledged or commented on a potential sale) has […]
The private equity group set up to take over Ukrop’s dropped out of the bidding conversation last week.
According to an anonymous source speaking to Supermarket News, “contractual issues and inability to get financing” were the main reasons why the deal broke down.
Ukrop’s (who has never acknowledged or commented on a potential sale) has resumed shopping itself to other bidders, including those who expressed interest early on.
More on this as it becomes available.
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Valerie Catrow
Valerie Catrow is editor of RVAFamily, mother to a mop-topped first grader, and always really excited to go to bed.
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