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Save Mart Companies cambia de dueño, Abasto Magazine

El grupo Jim Pattison adquirió las operaciones y centros de distribución de Save Mart que incluyen Lucky, FoodMaxx, Maxx Value y Yosemite Wholesale.

FOOD INDUSTRY CELEBRATING Hispanic Heritage SSaavve Me Maart Crt Coommppaanniieess 䌀栀䌀栀aangngees Os Owwnnerer猀栀猀栀ip Aip Aggaaiinn By Abasto FCW 8-Golden State Union has been informed by Save Mart that the Jim Pattison Group has acquired its supermarket operations and distribution center, which include Save Mart, Lucky, FoodMaxx, Maxx Value, Yosemite Wholesale, and the Save Mart O昀케ce UDivision. 吀栀e announcement, released by the union, was con昀椀rmed by the media outlet 吀栀e Fresno Bee in an interview with Ryan have been through this before, most recently with the Barrington-Foote, president of 吀栀e Jim Pattison Group based Kingswood Capital Management acquisition. in Canada. 吀栀ey also assured workers that they would bene昀椀t from “吀栀is acquisition supports our group’s desire to continue strong successor language, which would guarantee the conti- our growth in the retail food business,” said Barrington-Foote nuation of their bene昀椀ts and labor contracts. Save Mart also to 吀栀e Fresno Bee. According to its website, the Jim Pattison intends to continue normal operations and honor the language Group is a “diversi昀椀ed holding company” headquartered in in its union contracts. Vancouver, British Columbia, and operates primarily in the “We intend to continue maintaining our longstanding and United States and Canada. constructive relationship with 吀栀e Save Mart Companies and the new owner, the Jim Pattison Group,” UFCW 8-Golden State President Jacques Loveall said. 吀栀e contracts are set to expire later this year, and the union informed the company that they intend to have a new agree- ment for its members to vote on before the contract expiration. UFCW 8-Golden State said they look forward to meeting and working with the Jim Pattison Group as they continue serving the interests of the nearly 6,000 Union employees at 吀栀e Save SOLD FOR THE SECOND TIME Mart Companies throughout California. IN LESS THAN TWO YEARS “Our members work tirelessly, both for the company and This is the second time in two years that Save Mart in service to their community, and their Union contract will Companies has changed ownership. In 2022, the grocer was sold continue to ensure fair wages, stable bene昀椀ts, and working to Los Angeles-based private equity 昀椀rm Kingswood Capital conditions and guarantee their rights are protected,” said Management LP. President Loveall. 吀栀e UFCW 8-Golden State said that many of their members 5050 SSEEPPTTIIEEMBRMBREE//OOCCTTUUBRBREE 2 2002244 AABBAASSTOTO..CCOOMM

Abasto Magazine: September/October 2024 - ENGLISH - Page 50 Abasto Magazine: September/October 2024 - ENGLISH Page 49 Page 51