Roundy’s To Sell 18 Rainbow Stores In Minnesota
MINNEAPOLIS (WCCO) – Roundy’s has negotiated a deal to sell 18 Rainbow Foods stores in Minnesota. Supervalu, which owns Cub Foods, has been working with other grocery chains to buy these stores.
The deal also includes 13 Rainbow pharmacies and three Rainbow liquor stores in the state.
Ten Rainbow Foods stores will become Cub stores, bringing the total number of Cubs in the state to 76 stores. There is also one Cub Foods store in Illinois.
Two other Rainbow stores in Woodbury and Eden Prairie will become Byerly’s locations. Lunds Food Holdings, which owns Byerly’s, said there would be significant remodeling done at those stores.
Six of the Rainbow locations in the deal are expected to remain branded as Rainbow stores.
This is a $65 million deal, and it should be finalized within the next two or three months.
Lunds Food Holdings said that all of the roughly 250 employees currently working at the Woodbury and Eden Prairie stores would be allowed to continue working after the transition.
Here is the full list of affected stores:
The 10 new Cub Foods stores:
— Chaska – 200 Pioneer Trail
— Eagan — 1276 Town Centre Drive
— Lakeville – 17756 Kenwood Trail
— Minneapolis – 1104 Lagoon Avenue
— Minneapolis – 1540 New Brighton Road
— Oakdale – 7053 10th Street North
— Plymouth (6th Avenue) – 10200 6th Avenue North
— Roseville – 1201 Larpenteur Avenue
— St. Louis Park – 5370 16th Street West
— St. Paul – 892 Arcade Street
The two new Byerly’s stores:
— Eden Prairie – 970 Prairie Center Drive
— Woodbury – 7050 Valley Creek Plaza
The six stores remaining as Rainbows:
— Maplewood – 2501 White Bear Avenue
— Minneapolis – 2919 26th Avenue South
— Plymouth – 16705 County Road 24
— Richfield – 140 West 66th Street
— St. Paul – 1566 University Avenue West
— West St. Paul – 1660 Robert Street South