E-mart US buys supermarket operator

South Korean discount retail chain E-mart is acquiring US food retailer Good Food Holdings for US$270 million.

A subsidiary of retail conglomerate Shinsegae, the E-mart US acquisition intends to stabilise and expand its operations in North America. It is the company’s first acquisition of an overseas firm.

Good Food operates 24 stores across the American West under three brands: Bristol Farms, Lazy Acres and Metropolitan Market. Its original executive board will be retained by E-mart.

Good Food Holdings employs 3100 people and brings in average sales of KRW 670 billion ($596.75 million) per annum. E-mart plans to open a premium store-restaurant in Los Angeles next year called PK Market.


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    Greg Paik posted on December 11, 2018

    I think there is a major mistake in your article. The company who holds 3100 employees with $596 M in sales is Good Food Holdings and not the Emart. Revenue of Emart is double digit billion US dollars. Thanks. reply

    • Inside Retail Asia

      Inside Retail Asia posted on December 11, 2018

      Thanks for pointing out the error. We have corrected the story - Ed reply

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