Veteran
Safeway in Indiana...in the 1990s?
Was re-reading FundingUniverse's page on Dominick's when I stumbled across this line...
The early favorite in the spring of 1998 was the Dutch giant Ahold, but by the autumn of the year it was California-based Safeway Inc. that succeeded in buying Dominick's at a price tag of $1.2 billion, as well as the assumption of $646.2 million in debt. For Burkle and his partners, their ownership of Dominick's, which lasted less than four years, resulted in a tidy profit, an estimated sevenfold return. Safeway, on the other hand, gained a major stake in the Midwest, augmenting the stores it already owned in Indiana.
The only thing I could find as far as Safeway in Indiana goes was an article from 1992 an independent grocery chain owned by Malone & Hyde/Fleming with 24 stores at that point and appears to have disappeared entirely by 1998...is it a mistake they made when writing (or citing something bad), or is there something about Safeway and Indiana that we don't know?
Veteran
Re: Safeway in Indiana...in the 1990s?
Most likely the Preston-Safeway chain, based in Indianapolis, but with some stores in county seat towns within a serviceable radius of Indy like Bloomington and Terre Haute. They grew-up in Indianapolis and expanded by buying a lot of the Standard super markets operated by National Tea when National left the market around 1980. National's nearly new DC went to Marsh.
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