Earlier this week it was reported that David Zallie purchased the eight ShopRite stores that had been jointly owned by he and his brothers, George and Bruce, since the death of their father in 2011. George and Bruce plan to retire, and now all 11 Zallie-owned ShopRite stores will operate under the Medford, NJ-based Zallie-Somerset, Inc.
The deal settles a dispute among the brothers – at least financially – that led to a lawsuit last year in which David accused George and Bruce of “gross negligence and mismanagement” of the family business.
George, Sr. started the business in 1973 with the opening of his first supermarket in Clementon, NJ. In 1980 Zallie Supermarkets became part of the Wakefern cooperative, and by 2007 the company operated 10 ShopRite stores.