Jim Pattison Group acquires U.S. grocery chain owner Save Mart Companies
![Jim Pattison Businessman and philanthropist Jim Pattison returns to his seat after speaking during a Canada's Walk of Fame ceremony honouring him, in Vancouver, on Friday February 15, 2019. U.S. grocery chain owner the Save Mart Companies says it has been acquired by the Jim Pattison Group. THE CANADIAN PRESS/Darryl Dyck](/content/dam/ctvnews/en/images/2024/6/29/jim-pattison-1-6946429-1719681868609.jpg)
U.S. grocery chain owner the Save Mart Companies says it has been acquired by the Jim Pattison Group.
Save Mart spokesperson Jennifer Shelton confirmed the acquisition by the Vancouver-based holdings company, but declined to share financial details, including the value of the deal.
Save Mart's website says it operates about 200 grocery stores across California and Nevada.
Its store banners include Save Mart, Lucky, Lucky California, FoodMaxx, and Maxx Value Food.
Under the deal, Shelton says Save Mart will retain its headquarters in Modesto, Calif.
The Jim Pattison Group dates back to 1961, when it owned an auto dealership, but has since grown to a massive company that has been involved with Save-On-Foods, Great Wolf Lodge, Ripley Entertainment, Genpak and Canfor.
This report by The Canadian Press was first published June 28, 2024.
CTVNews.ca Top Stories
![](https://www.ctvnews.ca/polopoly_fs/1.5346613.1719853464!/httpImage/image.jpg_gen/derivatives/landscape_800/image.jpg)
If you qualify for this tax credit, you can expect a payment in your bank account this week
The next quarterly GST/HST tax credit payment is expected to go out this week, according to the Canada Revenue Agency.
U.S. Supreme Court rules Trump has immunity for official, not private acts
The U.S. Supreme Court found on Monday that Donald Trump cannot be prosecuted for any actions that were within his constitutional powers as president, but can for private acts, in a landmark ruling recognizing for the first time any form of presidential immunity from prosecution.
This 12-year-old memorized the periodic table at age two. He's heading to NYU after finishing high school in just two years
Recent high school graduate Suborno Isaac Bari, 12, plans to start studying math and physics at New York University in the fall, but he’s already got his ambitious sights set on beginning a doctoral program.
On July 1, 1916, a generation of Newfoundlanders died in one brief battle
Millions are celebrating Canada’s 157th birthday this year -- as they do every year -- with fireworks, food and family. In Newfoundland, it is a day of mourning for one of the bloodiest battles of the First World War.
This smiling robot has a face covered in 'living' skin
The soft, pink blob stares at the camera with glassy eyes — before pulling its face into a dimpled smile.
Judge calls Jeffrey Epstein 'most infamous pedophile in American history' as he releases transcripts
A Florida judge released Monday afternoon the transcripts of a 2006 grand jury investigation that looked into sex trafficking and rape allegations made against the late millionaire and financier Jeffrey Epstein.
Woman faces charge of trying to smuggle turtles across Vermont lake to Canada by kayak
A woman from China has been arrested at a Vermont lake bordering Quebec for trying to smuggle 29 eastern box turtles, a protected species, into Canada by kayak, according to Border Patrol agents.
You might live to be 100 years old. But will you be able to afford it?
Retirement has historically lasted about two decades, but for some Canadians it is now extending to twice that amount of time as more live well into their 90s and beyond. That's making some rethink their investments, savings, expenses and when to retire.
Canada Day festivities attract hundreds at ceremonies, parties across the country
The Maple Leaf is flying on lampposts, flagpoles and patios across the country as cities from coast to coast welcome thousands of revellers for Canada Day.