Supervalu Inc.

Business notes: Mar. 28

Business notes: Mar. 28

Area Farm Fresh Food & Pharmacy stores are shuttering their doors as the Virginia Beach-based supermarket chain begins the process of selling 21 of its 38 stores to competitors including Harris Teeter, Food Lion and Kroger for approximately $43 million in cash.

Eighty-eight employees from the store at 4501 John Tyler Highway will be laid off on May 14 as the location is sold to its new owner, Harris Teeter. The sale, which is expected to be finalized in May, includes nine other stores in Norfolk, Hampton, Suffolk and Virginia Beach. They will add to the 15 locations currently operated by Harris Teeter in the Hampton Roads area. The store’s...

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