Ukrop’s Supermarkets to sell out?

Another Richmond institution may be disappearing soon: Ukrop’s Grocery Stores.  According to Food World magazine, Ukrop’s issued a prospectus giving its information and gauging interest in a sale. According to the report, Harris Teeter is a front runner.

Ukrop’s opened in Richmond in 1937 and currently operates 28 stores in the Richmond market, with stores also located near Fredericksburg, Roanoke and Williamsburg.  The out of market stores have not done as well as the Richmond stores.

The company also owns a sixty percent stake in First Market Bank, but have sold its interest to Union Bankshares of Bowling Green.  That sale is expected to be complete in October. 

Richmond has suffered the loss of many national companies of late, including Circuit City, S&K Menswear, and others.  While these companies are gone, others like MeadWestvaco and Philip Morris now call Richmond, home.

Digg This

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s