Albertsons suing Haggen over $40 million of inventory
Albertsons suing Haggen over $40 million of inventory
Albertsons has filed a $40 million lawsuit against fellow retailer Haggen, according to the Courthouse News Service.
Haggen recently purchased 146 Albertsons and Safeway stores across Arizona, California, Nevada, Oregon and Washington, and Albertsons reportedly claims that Haggen is refusing to play for inventory.
According to the report, Haggen paid for the stock in 108 stores; however, it has not done the same for the remaining 38.
"In June 2015, weeks prior to Albertson's filing of its lawsuit, Haggen notified Albertson's of Albertson's violations of its obligations under the parties' purchase agreement, and possibly the related FTC consent decree and orders and requirements of state attorneys general," Deborah T. Pleva, spokewoman for Haggen, told The Produce News.
"Haggen, an 80-year-old company with a history of integrity and exemplary corporate conduct, had hoped that the parties could amicably address these issues," she said. "It is unfortunate Albertson's has chosen to file what appears to be nothing more than a strike suit to avoid addressing its wrongful conduct.
"Haggen will mount a vigorous defense and aggressively prosecute its counterclaims, and will continue to operate its business in the best interests of all of its constituents, including its customers and employees," Pleva said.
