Beemster makes it better
Eiffel Tower - A creamy cow’s milk delight, featuring a chalky white rind and a cream-colored, buttery, soft interior that oozes when at the peak of ripeness and temperature
BJ's Wholesale Exploring a Buyout or an IPO

BJ's Wholesale Exploring a Buyout or an IPO

Tuesday, February 14th, 2017

BJ’s Wholesale is making moves in ownership, according to a Wall Street Journal article, with either an acquisition or an IPO on its horizon.

Should the company pursue an IPO, it could come in the second half of 2017, according to people familiar with the matter.

WSJ reports that Leonard Green & Partners LP and CVC Capital Partners Ltd. are in the process of hiring investment bankers to advise on options that could mean a multibillion dollar deal for BJ’s Wholesale, including a full sale or initial public offering.

In a recent report by the Post and Courier, BJ Wholesale Club CEO, Chris Baldwin, named an emphasis on its fresh business as key to its strategy of being cutting edge in the industry.

Now, the company appears to consider itself in a prime position to break something of a drought in the IPO circuit.

Dealogic noted last year was the slowest for U.S. IPOs by dollar volume raised since 2003, according to WSJ, with only a handful of retailers in particular having made the move.

BJ’s Wholesale currently has more than 210 membership-based warehouse clubs in soon-to-be 16 states, about 25,000 employees, and upwards of $11 billion in annual sales.

Deli Market News will continue to report as the company makes more details known.

BJ's Wholesale

Beemster makes it betterEiffel Tower - A creamy cow’s milk delight, featuring a chalky white rind and a cream-colored, buttery, soft interior that oozes when at the peak of ripeness and temperature

Have a new product, press release or story idea?

Let us know

In This Story

BJ’s Wholesale Club is dedicated to providing its members with high-quality, brand name merchandise at prices that are significantly lower than the prices found at supermarkets, supercenters,...

Good Food Media Network Releases 2018 Good Food Restaurants™ List

The company releases its annual rating and economic report offering insight into the purchasing practices of chefs and restaurants and their commitment to sustainable sourcing.
View Press Release

Charlotte-Based Hissho Sushi Debuts at Bank of America Stadium for Carolina Panthers’ 2018-2019 Season

The company provides visitors and Panthers fans sophisticated, fresh options like the California Roll, Spicy Tuna Roll, and Crispy Crab Roll.
View Press Release

P3 Named Official Protein Snack of UFC®

UFC® announced a new marketing partnership with Oscar Mayer®.
View Press Release

New Tuscanini Parchment Crackers Bring the Sun-Kissed Taste of Italy to America's Table

Three handmade varieties deliver a sophisticated touch to meals and light snacks.
View Press Release

WCMA Launches Workforce Committee to Address Labor Challenges

The Association's Inaugural Meeting is set for October 23 in Monroe, Wisconsin.
View Press Release

Chris Greer Named Continuous Improvement Manager for Master-Bilt

As Continuous Improvement Manager, Greer will drive operational excellence initiatives and be responsible for developing consistent improvement in the manufacturing operation at Master-Bilt.
View Press Release

The Big Chocolate Show

From cacao bean to confection, chocolate takes center stage in New York City.
View Press Release