Festival Foods has entered into new agreements to purchase three Gordy’s Market locations – two in Eau Claire and one in Tomah.
Festival Foods had announced plans to acquire the three Gordy’s Market locations in July. Those plans temporarily stalled last month when Gordy's announced it would have a receiver appointed. Now that new agreements to purchase the three stores are in place, Festival Foods is hopeful the court will approve them in the coming days.
After the court approves the sales and transactions are complete, Festival Foods will begin the processes of updating technology, hiring and training associates, and updating the stores. If all goes according to plan, the Tomah store at 701 East Clifton Street would open Nov. 10 and the Eau Claire stores at 2717 Birch Street would open on Dec. 1. The other Eau Claire location, at 2615 North Clairemont Avenue, is expected to open on Dec. 8.
Festival Foods President and CEO Mark Skogen said the company looks forward to expanding its presence in Eau Claire and Tomah.
“We see the Gordy’s receivership as only a detour in the process to move forward with the purchase of these three stores, and we fully anticipate completing the process,” he said.
Founded in 1946 as Skogen’s IGA, Festival Foods is a Wisconsin based family and employee-owned grocer committed to giving back to the communities it serves and providing guests with exceptional service and value. The company began operating under the Festival Foods banner in 1990 and today employs more than 7,000 full- and part-time associates in the 28 full-service supermarkets it operates across the state of Wisconsin.