Kansas City's Price Chopper says it's not us.
Supermarket industry analyst David Livingston, head of DJL Research, said that Price Chopper has experienced a lot of problems over the last few years.
Price Chopper, the family-owned regional supermarket chain, is in advanced talks to sell to national supermarket chain Albertsons Companies Inc. for around $1 billion, Reuters reported Tuesday night, citing people familiar with the deal.
In February, Price Chopper closed the market in North Adams that it had operated since 1959.
The sources "cautioned that it is still possible for the deal negotiations to fall through", the story said. Price Chopper operates about 130 stores across the Northeast in New York, Connecticut and MA.
In August, Price Chopper dismissed a report by Supermarket News, quoting unidentified sources, that it was looking at a sale.
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When the company announced in January it was promoting Grimmett, it said Jerry Golub would lead a new committee to quicken the chain's conversion to the Market 32 brand.
It could not be determined on Wednesday how many total employees Price Chopper has at its four Berkshire County markets in Great Barrington, Lee, Lenox and Pittsfield. Albertsons told Newswatch 16 they don't comment on speculation.
Big Y has 79 stores throughout CT and MA with more than 11,000 employees. It is the nation's second-largest supermarket chain and runs more than 2,200 supermarkets.
Albertson Companies is prepared to spend about a billion dollars, according to the report.
In addition to its Albertsons banner, the retailer also has stores operating under the Vons, Jewel-Osco, Shaw's, Tom Thumb and United Supermarkets brands.
In February, Price Chopper closed its North Adams market which it had operated since 1959.