It’s been a rocky couple of months for Gordy’s Markets. After failing to pay off its $46 million loan to Nash Finch, a subsidiary of SpartanNash, five of the retailer’s stores were subsequently sold to Nash Finch and rebranded as Family Fare® Supermarkets. Recently, three of those stores—located in Cheek, Barron, and Cornell—have been sold to KJ’s of Wisconsin and will be rebranded for a second time as KJ’s Fresh Market.
The transaction, according to a press release, is expected to close in early June. KJ’s Fresh Market will begin working with local store management and team members to ensure a smooth transition.
“We look forward to building relationships with our retail team members, store guests, and local partners, listening and learning about how we can better serve each of these three unique communities’ needs,” stated CEO Keith Johanneson. “Our goal is to provide quality groceries, superior meat, and produce—all in an an inviting shopping experience in every store. We intend to invest in remodeling and making physical plant improvements once we fully elevate the needs of the local communities.”
For the latest in acquisitions as they pertain to the specialty food sector, keep reading Deli Market News.