Emart spends $275M on US Grocery Store Business

Emart has bought U.S. grocery market giant Good Food Holdings for $275 million.

Emart announced Friday that it has acquired Good Food Holdings, the California-based holding company of upscale grocery chains Bristol Farms, Lazy Acres Market and Metropolitan Market. Good Food Holdings is Emart’s first foreign acquisition.

Bristol Farms is a premium market chain with 12 stores in neighborhoods across Los Angeles and San Diego. With stores in Hollywood and other trendy areas, the supermarket is popular with celebrities. 

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