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supermarket chains

September 3, 2013

A Kenyan family's feud over whether their supermarket chain is or is not a family business has not yet derailed a deal to sell a controlling stake to an outside investor, with a court giving the green light for the deal. 

A Kenyan family's feud over whether their supermarket chain is or is not a family business has not yet derailed a deal to sell a controlling stake to an outside investor, with a court giving the green light for the deal.

Newton Kagiha, a disinherited son of Peter Mukuha Kago, applied for an injunction from the high court to block the sale of the family’s Naivas supermarket chain while a dispute over inheritance was resolved.

August 9, 2013

American Greetings Corporation returns to full family ownership, Wal-Mart mulls bid for Hong Kong supermarket chain, and Indian family firm announces expansion plans.

American Greetings Corporation returns to full family ownership, Wal-Mart mulls bid for Hong Kong supermarket chain, and Indian family firm announces expansion plans.

American Greetings Corporation
American Greetings Corporation has returned to private ownership, following a $612 million (€458 million) buyout by the Weiss family – descendants of Jacob Sapirstein who founded the company in 1906.

July 16, 2013

The feuding family behind multi-billion dollar US supermarket chain Market Basket is set to take their battle to the boardroom this Thursday, with the current president facing a leadership coup led by his cousin.

The feuding family behind multi-billion dollar US supermarket chain Market Basket is set to take their battle to the boardroom this Thursday, with the current president facing a leadership coup led by his cousin.

The New England-based business, with annual revenues of more than $4 billion (€3.1 billion), has been led by Arthur T DeMoulas for the last five years, but he has been accused of refusing to listen to the board and spending money recklessly.

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