Save A Lot Sells Stores, Completes Wholesaler Transition; Leon Bergmann and Gabe Disbrow Detail
LOUIS, MI - More updates have come to light regarding Save A Lot’s strategy to fully transition to a wholesale model. The grocer most recently announced the re-licensing of its remaining 18 company-operated stores, which are being acquired by Leevers Supermarkets.
“As we’ve made a strategic shift to become a licensed wholesaler, it’s clear that our long-term growth momentum must be rooted in the success of our strong network of Retail Partners,” said Leon Bergmann, Chief Executive Officer, Save A Lot. “Since its inception, Save A Lot has filled an important need as a discount, high-quality hometown grocer in each community it serves. Our Retail Partners are closest to and best positioned to meet the needs of those customers. Their commitment to our brand and the consumer we serve is unmatched in the industry. The time was right for us to step fully into our role as a licensed wholesaler and put all operations in the hands of our dedicated retailers.”
Leevers is a current Save A Lot partner with 29 stores in markets including Denver, Colorado, and Philadelphia, Pennsylvania.
Leevers will continue to operate the St. Louis stores under the Save A Lot banner, a press release noted.
“We are proud to be a part of the Save A Lot network and are thrilled to grow our footprint with the brand,” said Leevers Supermarkets President and Chief Executive Officer Gabe Disbrow. “We remain fully committed to delivering an exceptional shopping experience with unmatched value to every shopper who walks through our doors. We’re looking forward to being a part of the St. Louis community.”
This announcement is the final chapter in Save A Lot’s wholesale transformation, in which the retailer unveils plans to shift ownership and operations of all Save A Lot locations to independent, licensed ownership and to foster continued brand growth as a licensed wholesaler.
Click here to read more about the deal.
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