M&A Deal Summary |
|
|---|---|
| Date | 2018-11-16 |
| Target | Best Market - 27 Grocery Stores |
| Sector | Retail |
| Buyer(s) | Lidl US |
| Sellers(s) | Best Market |
| Deal Type | Divestiture |
SEARCH BY
Try For Free 7-Day Free Trial
Lidl US operates about 10,500 stores in 29 countries, offering customers the highest quality fresh produce, meat, bakery items and a wide array of household products at the lowest possible prices. High quality. Low prices. Hassle-free shopping that gets you in and out. A product assortment and store layout that’s refreshingly simple, yet full of surprises to discover at every visit.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Retail) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (New York) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2018) | 1 of 1 |
Best Market is a private, family-owned company. It grew from a small fruit and vegetable stand operated by Ben Raitses, the father of the current owners. The business expanded into a storefront produce store and, later into the first Produce Warehouse in 1994. A family-owned, regional chain of supermarkets with 28 stores in New York, Connecticut, and New Jersey. The company is headquartered in Bethpage, New York, and has been owned by the Raitses family since its first store opened in 1994.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Retail) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (New York) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2018) | 1 of 1 |
