Talks between Henrico County-based Ukrop's Super Markets Inc. and a potential private equity investor have fallen apart, according to Supermarket News, a grocery industry publication.
Quoting an unnamed source, Supermarket News wrote that talks failed over "contractual issues and an inability to get financing."
Ukrop's is now talking to other potential bidders, it said.
In July, Food World, an industry publication that covers the industry in the mid-Atlantic region, wrote that Ukrop's had issued a prospectus soliciting buyers. Food World cited multiple industry sources.
Supermarket News posted a story on its Web site in August saying that an unnamed private equity firm had outbid North Carolina-based grocer Harris Teeter to buy the chain.
Ukrop's has declined comment about a potential sale.
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