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Old 11-13-2014, 07:13 AM
 
Location: Awkward Manor
2,576 posts, read 3,093,139 times
Reputation: 1684

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Quote:
Originally Posted by markson33 View Post
Aldi's just bought Bottom Dollar, so they now own the Penn location.
Not sure if that is actually the case. Did Aldi buy all of Bottom Dollar's assets as well? Or will Bottom Dollar sell off their real estate?
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Old 11-13-2014, 07:31 AM
 
Location: 15206
1,860 posts, read 2,579,198 times
Reputation: 1301
Quote:
Originally Posted by doo dah View Post
Not sure if that is actually the case. Did Aldi buy all of Bottom Dollar's assets as well? Or will Bottom Dollar sell off their real estate?
There were survey stakes on the corners of the Garfield Bottom Dollar property as of Tuesday.
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Old 11-13-2014, 08:04 AM
 
Location: Sh-ittsburgh, PA & Lancaster County, PA
1,045 posts, read 2,223,692 times
Reputation: 320
My understanding is they bought the properties/buildings that were not originally leased, and paid off the remaining leases for the rest.

This buyout was based financially on the real estate assets and eliminating competition idea instead of the actual inventory, fixtures, mdse, or store name.
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