Giant Food to Invest $175 Million in Expansion and Store Enhancement
Giant Food is planning a $175 million investment into expansion and improvement at its Washington, D.C.-area stores over the next two years. Plans include one new store, to be located in Fairfax Circle, Virginia, and 24 store remodels.
“As the region’s leading grocer, this announcement is part of our long-term commitment to deliver a consistently exceptional experience for our shoppers,” said Gordon Reid, President, Giant Food. “We look forward to updating and enhancing our existing stores and constructing both new and replacement locations to give our shoppers a fresh and imaginative selection, unique in-store experiences and superior customer service.”
The 24 planned remodels will reconfigure the stores with new amenities such as enhanced perishable, produce, beer, wine and spirits offerings, full-service florists, expanded natural and organic departments, hot Asian food bars, fresh squeezed juice bars, enhanced check-out zones, full-service pharmacies and more.
This new announcement comes on the heels of other recent expansions in the Giant Food chain: Giant opened two new stores in Herndon, Virginia, and Alexandria, Virginia, in November 2018, and recently announced plans to open a $21 million new store in Olney, Maryland, next spring.
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As a result of the new projects, Giant anticipates the creation of approximately 500 new jobs in the communities it serves through the hiring of full and part-time associates.
Also part of Giant’s commitment to the communities it serves, the grocer regularly supports local and national charitable organizations and local families through various annual in-store programs such as the A+ School Rewards Program, the Pediatric Cancer Research Program, ‘Get Out and Play’ health and fitness clinics and the Giant National Capital BBQ Battle.
Through its in-store pharmacy and nutrition programs, Giant works to educate and assist shoppers in making healthy and smart choices every day. Giant has also launched the Guiding Stars nutrition rating system in all stores.
FrieslandCampina Acquires U.S. Cheese Importer Jana Foods
The Dutch Royal FrieslandCampina N.V., a global dairy company, has announced the acquisition of U.S.-based importer and distributor Jana Foods. The acquisition will further strengthen FrieslandCampina’s position in supplying Dutch specialty cheese to the U.S. consumer.
“This acquisition supports our strategy of investing for growth. This investment is in line with our strategy to grow our cheese business and strengthens our position in the Americas. This deal will allow us to offer consumers a wider portfolio of innovative products for the U.S. market,” said Roel van Neerbos, President, FrieslandCampina Consumer Dairy.
Jana Foods imports and markets FrieslandCampina’s Dutch cheese in the United States, along with other fine cheeses from the U.K., Denmark, Australia, Ireland and other countries. The company has been an important strategic partner of FrieslandCampina in the United States for many years. The partnership has helped establish a strong position for FrieslandCampina’s international cheese with the distribution of Kroon, A Dutch Masterpiece and Gayo Azul cheese brands.
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FrieslandCampina products cover a wide range specialty imported Dutch cheeses from mild, aged and smoked Gouda to Edam. Swiss Emmental and goat cheese also belong to the assortment. Available in a variety of formats from wheels, loaves and wedges to slices, snacks and shaved. FrieslandCampina specialty cheese brands can be found across the United States in the deli section of supermarkets, club stores and mass merchandisers.
Jana Foods will be integrated into the FrieslandCampina Consumer Dairy U.S.A. business. Dan Lynch, former owner and chief executive officer of Jana Foods will remain involved in the business as Vice President Imports and Senior Commercial Advisor. Financial details about this transaction will not be disclosed.
UNFI Announces Sale of SUPERVALU’S Hornbacher’s Stores
United Natural Foods, Inc.’s newly acquired subsidiary, SUPERVALU INC., has entered into a definitive agreement whereby Coborn’s Inc. will acquire seven Hornbacher’s locations, as well as Hornbacher’s newest store currently under development in West Fargo, North Dakota.
“The sale of Hornbacher’s to Coborn’s is an ideal outcome for our associates and the Fargo-Moorhead community,” said Sean Griffin, SUPERVALU Chief Executive Officer. “As we previously discussed, our strategy is to focus on the wholesale business going forward, so finding a strategic buyer for Hornbacher’s with continued supply opportunity was a top priority. Coborn’s is a long-standing SUPERVALU wholesale customer and we’re excited that they will carry on the Hornbacher’s name and tradition of quality products and service.”
The transaction is currently expected to close before December 25, 2018, subject to customary closing conditions. As part of the sale, Coborn’s plans to retain the Hornbacher’s name and will enter into a long-term agreement for SUPERVALU to serve as the primary supplier of the Hornbacher’s locations. As well, SUPERVALU will enter into an expanded supply relationship with Coborn’s. Both of these supply agreements will include minimum purchase requirements.
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Hornbacher’s first opened as Ted’s SUPERVALU in Moorhead, Minnesota, by Ted Hornbacher in 1951. SUPERVALU acquired the banner in 1975, which now operates eight locations in the Fargo-Moorhead area and Grand Forks, North Dakota. Throughout its history, Hornbacher’s has driven to have the highest quality and freshest perishable products as well as to be an active part of the Fargo-Moorhead community through support of many civic, educational, arts and non-profit organizations.
The Hornbacher’s store in Grand Forks, North Dakota is not included in the sale to Coborn’s and will close. Liquidation will begin at the store on Monday, December 3 and will close as the inventory liquidation is complete.
