In a joint video presentation Oct. 1, Edward “Trey” Basha, president and chief executive officer of Bashas’, and Keith Knopf, president and chief executive officer of Raley’s Holding Co., informed Bashas’ members that Bashas’ store banners, employment, and operations across Arizona will continue without change or interruption.
“Today’s announcement represents the beginning of Bashas’ next, exciting chapter as a fully formed operating company within the larger Raley’s enterprise," Basha said, according to the release. "In Raley’s we will have a partner who will ensure we continue delivering exceptional customer and member experiences at a time when regional grocery competition has never been tougher—while staying true to the values that have shaped our history over 90 years. Customers, members and local Arizona communities will also benefit from the seamless alignment of culture and values that we share with Raley’s. While the Basha family will no longer have ownership roles, we look forward to seeing the business thrive for generations to come.”
Bashas’ will continue to serve customers across Arizona and New Mexico and its Tribal Nation Partners, including the Navajo Nation, White Mountain Apache, San Carlos Apache, and Tohono O’odham, and Bashas’ will be a fully formed operating company within the Raley’s enterprise and will maintain its corporate headquarters, stores and distribution center in Arizona, according to the release.
The transaction will protect the store banners with no changes to local store leadership, according to the release. There are no planned changes to employee roles, compensation or benefits as a result of the transaction, according to the release.