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• The Akron Beacon Journal reports that the family that has owned Buehler’s Fresh Foods for almost nine decades has decided to sell the company - to its employees.

According to the story, “The 13 supermarkets are being sold to the company’s eligible employees through an employee stock ownership program, or ESOP. A new company named Buehler’s Fresh Foods will be formed and it will be led by three veteran Buehler’s executives,” including “Dan Shanahan, Buehler’s president and chief operating officer since 2011; Rick Lowe, vice president of human resources of the E&H Family Group since 1977, who is married to a third-generation Buehler; and Mike Davidson, vice president of store operations since 2015.”

“Our generation of Buehlers are reaching retirement age and we think this a better option than selling the business to outsiders,” said Dan Buehler, E&H Family Group president and chief operating officer. “We want these supermarkets to be here serving customers and providing good jobs well into the future. There’s no one better qualified than our own employees to carry on that mission.”

• Supervalu said yesterday that it will acquire retailer-owned cooperative Associated Grocers of Florida in a transaction valued at roughly $180 million, giving it access to AG’s customer base in South Florida, the Caribbean, and other international markets.

The deal is expected to close by the end of the year.

• In Minnesota, the Star Tribune reports on Target’s opening of a new small format store in Uptown Minneapolis, described as a “bustling neighborhood” that is home to plenty of young professionals.

“The 21,400-square-foot store, about one-sixth the size of a typical Target store, is part of a wave of about a dozen new store openings this week for Minneapolis-based Target Corp,” the paper writes. “Also on the roster is one in high-profile Herald Square in midtown Manhattan across from Macy's flagship store, as well as locations in and around Chicago, Los Angeles and Philadelphia. All but one of the new stores opening this week, a full-size store in Honolulu, are Target's smaller-format stores.”

According to the piece, Target “is opening 32 new stores this year, most of them with the smaller format, and is planning to ramp up the pace in the next couple of years to 40 new stores a year.”

• Global confectioner Ferrero Group announced that it is acquiring Ferrara Candy Company, the third-largest U.S. non-chocolate confectionary company, from private equity group L Catterton, giving the company that owns Nutella control of the company that makes Brachs.

Terms of the deal were not disclosed.

• The New York Times reports that Hearst, which publishes magazines such as Cosmopolitan and Esquire, is acquiring Rodale, owner of titles such as Prevention. Terms of the deal were not disclosed, but the Times writes that it is “another sign of consolidation in an industry struggling to offset declines in print.”
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