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What Will $1 Billion Buy?

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Touch the Soil News #559 For starters, it might buy you a grocery chain of 134 stores with 24,000 employees (The Price Chopper grocery chain in New York). Albertson’s grocery stores (2,205 locations and 164,000 employees) recently said it has been in advanced talks with the owners of Price Chopper to buy the whole chain for about $1 billion. Price Chopper is owned by the Golub Corporation – a family enterprise that got into the grocery business in 1932. Different from other grocery stores, Price Chopper phased out the sale of tobacco products in all of its stores some two years ago. The store has also been trying to become…

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