Schnuck Markets has agreed to buy roughly half of the Shop ’n Save stores in the St. Louis area in a deal that CEO Todd Schnuck called a “generational transaction.”
The 19 Shop ’n Save stores to be acquired — 14 on the Missouri side of the Mississippi River and five in the Metro East — will be closed in waves of three beginning Oct. 7, undergo a renovation and reopen as a Schnucks store less than three days later.
A schedule of the closures and reopenings has not yet been released. Financial terms were not disclosed.
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