Tag Archives: Harris Teeter

Ukrop’s: Rumor, Myth, Reality

Rachel DePompaRachel DePompa – bio | email 

Every morning I can log onto my blog and see what people searched on sites like google to end up at my musings. Most days I see “Rachel DePompa’s blog” or “New City CAO” in the little box. But, for a week straight I’ve had these interesting searches… “harris teeter buying ukrops” “Ukrops for sale”.  I’ve never written a Ukrop’s story before today, so those postings really got my attention. This community has been nuts since the news broke Ukrop’s may be looking for a buyer. There are now countless twitter postings and facebook groups. It’s amazing how fast a rumor can spread these days.

Here’s what we know so far:

Ukrop’s is not denying a sale, but calls the talk speculation.

Harris Teeter won’t comment.

Food World (citing unnamed sources) says Ukrop’s is circulating a “prospectus.” That’s a document that breaks down the company to see if there are potential buyers.

Food World (citing unnamed sources) says Harris Teeter and Supervalu responded to the prospectus.

Employees tell us Ukrop’s recently stopped matching their 401k’s. They also say the buzz is Harris Teeter is the frontrunner and a deal could be inked by September. (Again just rumor)

President and CEO Robert Ukrop wrote this to employees today: 

“There has been a lot of speculation in the last few days about the future of Ukrop’s,” he wrote. “All of this is based on rumors, anonymous blog postings, and industry chatter. Anything I say at this point would just add fuel to the fire.”

 

 

5 Comments

Filed under Richmond, Ukrop's