Schnucks buying 19 Shop 'n Save stores in 'generational transaction,' with plans to rebrand them as [View all]

Schnuck Markets has agreed to buy roughly half of the Shop ‘n Save stores in the St. Louis area in a deal that CEO Todd Schnuck called a “generational transaction.”

The 19 Shop ‘n Save stores to be acquired — 14 on the Missouri side of the Mississippi River and five in the Metro East — will be closed in waves of three beginning October 7, undergo a renovation and reopen as a Schnucks store less than three days later.

A schedule of the closures and reopenings has not yet been released. Financial terms were not disclosed.

The approximately 1,500 Shop ‘n Save union-represented employees working at those locations will be offered jobs at the Schnucks stores, pending a background check.

https://www.stltoday.com/business/local/schnucks-buying-shop-n-save-stores-in-generational-transaction-with/article_d66ebfc5-b7ad-50e7-8641-61dcb9df24a0.html