Private equity firm buys Save Mart Supermarkets
March 29, 2022
Save Mart Companies, which includes Save Mart, Lucky California and FoodMaxx grocery stores, has been acquired by Kingswood Capital Management. The private equity firm bought Cost Plus World Market in 2021 and owns shares of Bed Bath & Beyond.
Recent News
Indian Spice Exports Have Potential for Cancer-Causing Pesticide
An FDA Enforcement Report states that some Indian spice exports have the potential to contain a cancer-causing pesticide.
Tesla’s Full Self Driving Approval in China Sparks Stock Surge
Tesla shares shot up over 12% early Monday as CEO Elon Musk got the nod to launch “Full Self Driving” (FSD) tech in China.
Domino’s Shares Soar as Pizza Chain Defies Sales Expectations
Domino’s shares were up by almost 7% in pre-market trading thanks to the success of its new loyalty programs and various promotional offerings.
Express’s New Owner Brings Post-Bankruptcy Hope to Beleaguered Retailer
Express’s bankruptcy filing earlier this month had analysts concerned about the popular clothing retailer’s survival, but news about its new owner has given a glimmer of hope to both Wall Street and consumers alike.