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South Korean discount chain E-Mart to buy US's Good Food Holdings

( December 7, 2018, 08:12 GMT | Official Statement) -- MLex Summary: South Korean discount store chain E-Mart is to acquire US food retailer Good Food Holdings for $275 million. E-Mart, a subsidiary of South Korean retail giant Shinsegae, decided to acquire the US company, which owns food retailers Bristol Farms, Metropolitan Market, and Lazy Acres Natural Market, as a means of expanding and stabilizing its business in the US. E-Mart plans to maintain Good Food's current management after the acquisition.The company’s statement, in Korean, is attached....

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