The transaction is expected to close 30 November 2012. Johnnie’s Foodmaster will close all six locations prior to the closing date.
The six leases include South Weymouth, Arlington, Charlestown, Brookline, Melrose and Somerville and average 31,000 square feet.
Whole Foods Market intends to remodel each location, with the goal of reopening all six stores before the end of its 2013 fiscal year. Whole Foods Market does not expect the transaction to be material to sales or earnings for fiscal year 2013.
The terms of the agreement are not being disclosed, but as part of the agreement, Whole Foods Market has guaranteed interviews to all Johnnie’s Foodmaster employees at the six acquired locations with the goal of hiring as many as possible.
Source: Whole Foods Market
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