It’s back to square one for Ukrop’s. Talks with a private equity group have broken down. Supermarket News is reporting the private equity group dropped out of the bidding last week. The trade magazine sites an anonymous source who says the deal broke down because of “contractual issues and an inability to get financing.” The source says Ukrop’s has since resumed shopping itself to bidders from the earlier rounds.
So, does that mean Harris Teeter is back in the running? The source says H.T. did not want to buy all of the Ukrop’s store locations. Which again, brings into question the timing of the chain’s decision to close its Roanoke location. Ukrop’s has never commented on the potential sale.