New Seasons Market is acquiring the California-based eight-store grocery chain New Leaf Community Markets.
New Seasons Market is acquiring the California-based grocery chain New Leaf Community Markets.
Santa Cruz, Calif.,-based New Leaf, with eight stores, will become a wholly owned subsidiary of New Seasons, which has 13 stores and counting.
Beyond the similarity of their names, the two firms are the only groceries to earn B-Corp status, reflecting their commitments to their communities, employees and partners — New Seasons earned the designation in June and New Leaf in October. Both contribute 10 percent of their after-tax profits to charity and both operate stores of varying sizes — from about 15,000 square feet up to 40,000.
Read more at Sustainable Business Oregon.
