Gelson's Markets bids to buy Haggen properties - CBS News 8 - San Diego, CA News Station - KFMB Channel 8

Gelson's Markets bids to buy Haggen properties

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SAN DIEGO (CNS) - Encino-based Gelson's Markets Monday announced successful bids to buy a half-dozen Haggen properties in Southern California, including two stores in the San Diego area.

Terms of the agreement, which follow the Haggen supermarket chain's September bankruptcy filing, were not announced.

The six stores are located in five counties -- one each in Los Angeles, Orange, Riverside and Ventura counties, and the two in San Diego County -- located at 2707 Via De La Valle in Del Mar and 730 Turquoise St. in San Diego.

The other locations are in Santa Monica, Ladera Ranch, Rancho Mirage and Thousand Oaks.

-- 1736 Avenida De Los Arboles, Thousand Oaks.

"We're excited to become part of these communities, a process that may take time in order to customize stores for each neighborhood," said Gelson's President and CEO Rob McDougall. "Our goal is to retain as many local Haggen workers as possible while also giving opportunities to existing Gelson's employees, as well as others who wish to join the Gelson's family."

Gelson's anticipates closing on the stores late this year and relaunch them early next year under its own brand with initial improvements to product selection and merchandising, followed several months later by redesign and construction. Existing pharmacies will remain open during the transition.

In addition to the newly acquired locations, Gelson's is on track to open new stores in Rancho Mission Viejo and Manhattan Beach.

Founded in 1951, Gelson's currently operates 18 specialty grocery stores in Southern California.

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