retail news in context, analysis with attitude

Earlier this week, MNB took note of a piece in the New York City real estate journal The Real Deal reporting that Kroger has purchased "three Greenwich Village retail condominium units at 250-254 Bleecker Street for $20.6 million, according to property records filed with the city Friday. The retail at the base of the five-story, roughly 22,000-square-foot building is home to Murray’s Cheese and Amy’s Bread and was owned by Murray’s Cheese proprietor Rob Kaufelt."

It ends up that Kroger is acquiring more than that.

Kroger said yesterday that it has purchased the equity of Murray's Cheese that it did not already own, as well as the flagship location on Bleecker Street in New York City, to form a merger of the two companies. Kroger has been in business with Murray's since 2008, and currently has some 350 Murray's Cheese Shops in its stores.

Kroger became a minority owner in Murray’s in 2012.

Murray's former owner and president, Rob Kaufelt, will remain affiliated with the business as a strategic adviser. Terms of the deal were not disclosed.
KC's View: