US-based supermarket chain Schnuck Markets and its holding company, the 1939 Group, have agreed to acquire the Wisconsin-based parent company of Skogen’s Festival Foods and Hometown Grocers. The deal involves purchasing the shares owned by Festival Foods and Hometown Grocers CEO Mark Skogen, as well as those held in trust by employees through an Employee Stock Ownership Plan (ESOP). After the transaction is finalised, Todd Schnuck will take on the role of chairman and CEO of the newly established 1939 Gr ...