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Article: Berkshire Partners to Invest in Grocery Outlet.(Company overview)
- Article from:
- Business Wire
- Article date:
- October 13, 2009
CopyrightCOPYRIGHT 2009 Business Wire. 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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BOSTON -- Berkshire Partners LLC, a Boston-based private equity firm, today announced it has signed a definitive agreement to make an equity investment in Grocery Outlet Inc., an extreme value grocery retailer with over 135 stores in the Western United States. Terms of the transaction were not disclosed.
Headquartered in Berkeley, California, Grocery Outlet Inc. is a third-generation family-owned business that was founded in 1946 by Jim Read. Today the company is led by Co-Chief Executive Officers MacGregor Read and Eric Lindberg. Grocery Outlet is able to offer brandname products up to 60% below traditional retailers by purchasing discounted surplus inventory ...