Save A Lot CEO Kenneth McGrath Archives - MMR: Mass Market Retailers

Save A Lot announces sale of 51 stores

December 28, 2020 by MMR Fresh Encounter, Fresh Encounter president and chief executive Michael Needler Jr., Save A Lot CEO Kenneth McGrath, Save-A-Lot Leading Headlines, Retail News

ST. LOUIS — The Save A Lot discount grocery chain is selling 51 company-operated stores in the Tampa, Fla., market to Fresh Encounter, a current Save A Lot Retail Partner licensee. Fresh Encounter will continue to operate the stores under the Save A Lot banner. The deal is part of an ongoing re-licensing program through

Save A Lot gets $350 million in new capital

April 3, 2020 by MMR Save A Lot CEO Kenneth McGrath, Save-A-Lot Featured Articles, Leading Headlines, Money, Retail News

ST. LOUIS — Discount grocer Save A Lot has completed debt-for-equity and debt-for-debt exchanges that eliminated $500 million in debt and provided an infusion of $350 million in new capital, the company said on Friday. The retailer said the new capital, from a combination of new and existing lenders, will support its operations and the