Whole Foods acquires Johnnie's Foodmaster leases

Written By Unknown on Jumat, 26 Oktober 2012 | 20.25

CHELSEA -- A small family-owned Massachusetts grocery store chain has agreed to sell the leases to all six of its locations to natural and organic grocer Whole Foods Market [WFMI] Inc.

Chelsea-based Johnnie's Foodmaster says it will close all its stores prior to the expected Nov. 30 close of the transaction.

Austin, Texas-based Whole Foods said Friday it intends to remodel the stores in Weymouth, Arlington, Charlestown, Brookline, Melrose and Somerville and reopen them before the end of its 2013 fiscal year.

Terms of the agreement are not being disclosed, but Whole Foods has guaranteed interviews to all Johnnie's Foodmaster employees and plans to hire as many as possible.

Johnnie's President John DeJesus said the opportunity to sell to a company like Whole Foods made a tough decision much easier.

© Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


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