Key Food to expand newly acquired Food Emporium banner
Key Food to expand newly acquired Food Emporium banner
Key Food Stores Co-Operative Inc., a supermarket co-operative with 217 primarily member-owned and corporate grocery stores, has acquired The Food Emporium banner name and related intellectual property assets from the Great Atlantic & Pacific Tea Co. Currently, Key Food has four stores operating under The Food Emporium banner in New York.
Over the last five years, Key Food has been one of the fastest growing retailers in the Northeast and most recently purchased 24 A&P stores, adding approximately $400 million dollars in annual retail sales and bringing total annual retail sales to $2.3 billion dollars.
“Key Food is excited to own The Food Emporium name and to be associated with this storied brand in the New York market," Dean Janeway, Key Food’s chief executive officer, said in a press release. "This is an exciting time for our company as we integrate The Food Emporium and other stores acquired from A&P into our supermarket family.”
Key Food plans to refresh The Food Emporium banner. Customers will enjoy the up-tempo attitude of the environment and staff, who are always smiling and ready to stop whatever they are doing to assist. Everything about The Food Emporium is refreshing, especially the food and the service.
Key Food plans to expand The Food Emporium banner by rebranding selected existing stores that fit this model, and with new store acquisitions.
