Albertsons looks to buy back stores sold to Haggen - KPTV - FOX 12

Albertsons looks to buy back stores sold to Haggen

Posted: Updated:
SEATTLE (AP) -

As the grocery chain Haggen looks to shed many of its stores during bankruptcy proceedings, Albertsons has come to take its locations back.

Bellingham-based Haggen is auctioning off 95 stores. Many of the stores for sale were purchased from Albertsons and Safeway in December. Haggen struggled to convert many of the stores to their brand and filed for bankruptcy protection in September.

Albertsons is now the baseline bidder for 36 of the stores that went to auction Monday. The large chain is bidding on stores in Washington, Oregon and Arizona.

Albertsons was forced to sell the stores last year by the Federal Trade Commission when it merged with Safeway.

Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by Frankly
FOX 12
Powered by WorldNow CNN
All content © 2017, KPTV-KPDX Broadcasting Corporation, Portland, OR . All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.