"Milwaukee-based Roundy's, owner of Mariano's grocery stores, said Monday it is buying 11 Dominick's stores in the Chicago area.Sorry to all who got hopes up for Whole Foods. We published it as a rumor, and sometimes rumors just aren't true. We trust having a local Mariano's will make up for the disappointment.
The deal is worth $36 million. The stores are expected to be converted into Mariano’s within a month or two after the deal closes, expected in mid-December.
The locations being purchased are ... Chicago: 5201 N. Sheridan Rd." Read the rest of the Tribune's story here.
Update: Crain's reports "Roundy’s will take possession of all the stores in January and February, close them and convert them into Mariano’s groceries during a 30- to 45-day period, a company spokesman said. Details about when specific stores will close were not immediately available."
Update 2: The Trib reports "Employees at the stores being converted will need to reapply for jobs when the stores reopen as Mariano's. A spokesman said the company will be holding a job fair for new hires and that Dominick's employees can apply online or in-person for positions. Existing employees will not be given preference over other applicants, the spokesman added."