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Article: Kash n' Karry Food Stores, Inc. And Gooding's Supermarkets Terminate Supply Agreement
- Article from:
- PR Newswire
- Article date:
- October 11, 1996
CopyrightCOPYRIGHT 1996 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TAMPA, Fla., Oct. 11 /PRNewswire/ -- Kash n' Karry Food Stores, Inc. (Nasdaq-NNM: KASH) today announced that it has agreed in principle with Gooding's Supermarkets, a 17-store Orlando-based supermarket chain, to terminate its supply agreement with Gooding's. It is expected that Kash n' Karry will cease shipments to Gooding's some time later this month.
"Kash n' Karry and Gooding's initially believed that there would be mutual benefits from the supply agreement," said Ron Johnson, Chairman and CEO of Kash n' Karry. "However, over the last year it became apparent that the anticipated benefits were not being realized by either company. While we are ...
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