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Publix, Aldi, Schnucks, and Others Officially Win Lucky's Market's Florida Stores

Publix, Aldi, Schnucks, and Others Officially Win Lucky's Market's Florida Stores


FLORIDA
Monday, March 30th, 2020

Lucky's Market has officially announced that its former real estate has been claimed—following a bout of closures, a bankruptcy filing, and completed sales. Amongst the new owners—according to abc 17 News, 23 Lucky’s stores in total were sold to 10 different companies—are Publix Super Markets, Aldi, and Schnuck Markets, with the acquisition deals overall totaling a sale of $29 million.

For Publix, this purchase is a strategic investment that is expected to help meet increased demands brought on by COVID-19. The Florida-based grocer paid $11.5 million for five leased locations in Naples, Neptune Beach, Clermont, Orlando, and Ormond Beach. Though an official date for the facility conversions has not been announced, Publix stated that the earliest closing date will be April 13.

Maria Brous, Director of Communications, Publix"After closing, there’s still the design and permitting phase, so construction would not begin immediately," Publix's Director of Media and Community Relations Maria Brous said Friday, according to the Tampa Bay Business Journal.

Additional retailers that were part of the Florida purchase include the following:

  • Aldi purchased one Oakland Park-based store and five leased stores in Coral Springs, Sarasota, Vineland, Colonial Landing, and Venice for $7.8 million
  • Southeastern Grocers bought four leased stores in Gainesville, Melbourne, Fort Myers, and Lake Mary for $2.4 million
  • Seabra’s Market paid $1.25 million for a leased store in Hunter’s Creek
  • Dollar General paid $1 million for an Orlando-based distribution center
  • Shnuck Markets paid $86,000 for a new store

Lucky's Market has sold 23 of its Florida stores to 10 different companies—including Aldi, Publix, Schnucks, and more—in a sale totaling $29 million

"We intend to open and operate the store as a Schnucks as soon as possible, but do not yet have an opening date given the current circumstances," a Schnucks spokesperson said in a statement. "Schnucks' HR team plans to speak with all of the store's 89 employees and make employment offers to them."

For more industry news like this, Deli Market News will continue to report.

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