Report: Harris Teeter up for sale
Harris Teeter Supermarkets Inc. is considering a sale and is working with J.P. Morgan Chase & Co. to pursue options, according to The Wall Street Journal.
The Matthews, N.C.,-based company, with a market value of about $1.9 billion, operates 211 stores along the East Coast from Florida to Delaware, including seven in the Charleston area. Another is set to open later this year in North Charleston.
The Charlotte area company is not talking about its possible sale.
“Harris Teeter, as a matter of policy, does not comment on rumors regarding mergers and acquisitions,” company spokeswoman Danna Jones said Wednesday.
Locally, Harris Teeter operates four stores in Mount Pleasant, two in Charleston and one on James Island. The new North Charleston store will be near Wescott Plantation on Dorchester Road.
Read more in upcoming editions of The Post and Courier.
Reach Warren L. Wise at 937-5524 or twitter.com/warrenlancewise.