Save Mart changes owners again. New company is larger and based even further from Modesto

By Dominique Williams
Source: Yahoo! Finance

Save Mart Companies has gone through its second ownership changes in two years, and this time, it’s grown further from its family-owned roots.

The Jim Pattison Group — based in Canada — purchased Save Mart effective Tuesday, said President Ryan Barrington-Foote. The sale includes the Lucky and FoodMaxx stores.

The company will remain headquartered in Modesto and nothing will change, Barrington-Foote said. Save Mart will continue to run its business with its existing management team and employees.

Read the full article