Albertsons and Safeway Complete Merger Transaction

BOISE, Idaho and PLEASANTON, California – January 30, 2015 – AB Acquisition LLC and Safeway Inc. (NYSE: SWY, “Safeway”) announced today that they have completed their proposed merger. Under the terms of the merger agreement first announced and unanimously approved by Safeway’s Board of Directors in March 2014, AB Acquisition LLC, the owner of Albertson’s Read the full article »

SB Capital Group and Joint Venture Partners to Liquidate 198 Alco Stores

COPPELL, Texas – November 20, 2014 – After 113 years, Alco Stores (NASDAQ: ALCS), a discount retailer focused on serving consumers in smaller communities with limited access to other regional or national retail chains, is closing its doors forever. The U.S. Bankruptcy Court in Dallas approved an order today authorizing a joint venture including SB Read the full article »

ALCO Chooses SB Capital Group As Stalking Horse

GREAT NECK, New York – October 21, 2014 – A joint venture consortium including SB Capital Group, LLC, has been chosen as the stalking horse bidder for an auction to be held in the event of liquidation by ALCO Stores, Inc. of Coppell, Texas. If successful at auction, SB Capital Group and partners would conduct Read the full article »

Uncle Lee’s in Greenville is Closing Their Doors Forever

GREENVILLE, Kentucky – October 20, 2014 – After nearly 40 years in business, Uncle Lee’s on Main Street in Greenville is closing their doors. Mr. Lee Fauntleroy, President and owner of the iconic local store, announced his decision today to retire. SB Capital Group leads a joint venture retained to operate a “Store Closing Sale” Read the full article »

French Broad Place, Luxury Living and a Whole Lot More

CHARLESTON, South Carolina – June 26,2014 – xCelsior French Broad, LLC, a joint venture of SB Capital Group, LLC, is proud to announce its acquisition of French Broad Place, a luxury condominium development in the heart of downtown Brevard. Only minutes away from the Blue Ridge Mountains and several national and state forests, Brevard was Read the full article »

Safeway and Albertsons Announce Definitive Merger Agreement

PLEASANTON, California and BOISE, Idaho – March 6, 2014 – Safeway Inc. (NYSE: SWY) and Albertsons announced today a definitive agreement under which AB Acquisition LLC (“AB Acquisition”) will acquire all outstanding shares of Safeway (the “Merger”). The merger agreement was unanimously approved by the Board of Directors of Safeway. AB Acquisition is the owner Read the full article »

Living the Good Life Just Got Easier with Palmetto Place

CHARLESTON, South Carolina – January 21,2014 – SB Capital Group, LLC, in a joint venture with xCelsior Ventures, LLC, has acquired 51 condominium units at Palmetto Place, a condominium project located in Berkeley County near the intersection of Clements Ferry Road and Jack Primus Road. The acquisition includes 8.2 acres, slated for future development. According Read the full article »

ACO Hardware to Transition Stores to Ace Affiliation

FARMINGTON HILLS, Michigan – January 8, 2014 – ACO Hardware, Michigan’s largest independent home and hardware store chain located throughout the Detroit market and beyond will join Ace Hardware, the nation’s largest hardware cooperative. ACO currently has 52 stores, all of which are located in Michigan. Headquartered in Farmington Hills, ACO, which was originally founded Read the full article »

Loehmann’s Going Out of Business Sales Start January 9

NEW YORK, NY – January 8, 2014 – After almost 93 years, Loehmann’s, the premier upscale off-price specialty retailer that originated the concept, is going out of business. Yesterday, the U.S. Bankruptcy Court in Manhattan approved an order authorizing a joint venture that includes SB Capital Group, LLC, to conduct “Going Out of Business” sales Read the full article »

Bakers Footwear Closing 150 Stores Nationwide

BOSTON, Massachusetts – November 9, 2012 – SB Capital Group, LLC is part of a joint venture chosen to liquidate over $30 million of inventory from 150 Bakers Footwear Group stores nationwide. The “Going Out of Business” sales at the mall-based Bakers and Wild Pair stores starts Friday, November 9, and is expected to continue Read the full article »