18 Rainbow Foods stores are leaving the Twin Cities - KMSP-TV

18 Rainbow Foods stores are leaving the Twin Cities

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EDINA, Minn. (KMSP) - Roundy’s Inc. has announced it will be selling 18 Rainbow Food stores and exiting the Twin Cities for about $65 million.

Of the 27 Rainbow stores, 10 will be come Cub Foods, two will become Byerly's and six will remain Rainbow stores under different ownership. Roundy's is still looking to sell the remaining nine stores, but will close them if buyers cannot be found. The deal is expected to be finalized in the next two to three months.

“The economic downturn over the last few years, coupled with an increased competitive footprint in the Minneapolis-St. Paul market, has made it difficult for Roundy’s to keep the Rainbow banner competitive," Roundy’s chairman, president and CEO Robert A. Mariano said. "However, we believe the sale of these Rainbow stores to this group of local operators will provide those stores better stewardship in serving their communities in the Minneapolis-St. Paul market going forward. The transaction will also allow us to better focus strategically on growing our Mariano’s banner in the Chicago market and strengthening our business in our core Wisconsin markets."

RAINBOW TO BYERLY'S

- Woodbury at 7050 Valley Creek Plaza -- remodel coming in 2015
- Eden Prairie at 970 Prairie Center Drive -- remodel coming in 2015

RAINBOW TO CUB

- Chaska at 200 Pioneer Trail
- Eagan at 1276 Town Centre Drive
- Lakeville at 17756 Kenwood Trail
- Minneapolis (Lagoon) at 1104 Lagoon Avenue
- Minneapolis (Quarry) at 1540 New Brighton Road
- Oakdale at 7053 10th St. N.
- Plymouth at 10200 Sixth Ave. N.
- Roseville at 1201 Larpenteur Ave.
- St. Louis Park at 5370 16th St. W.
- St. Paul at 892 Arcade St.

REMAINING RAINBOW


- Maplewood at 2501 White Bear Ave.
- Minneapolis (Lake Street) at 2919 26th Ave. S.
- Plymouth at 16705 County Road 24
- Richfield at 140 W. 66th St.
- St. Paul (Midway) at 1566 University Ave. W.
- West St. Paul at 1660 Robert St. S.
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