Aldi to buy 400 supermarkets in South East Find out more:

Aldi on Wednesday announced a deal to buy 400 stores in the southeastern U.S., expanding its reach as U.S. consumers face rising prices. Under the agreement with Southeast Grocers, the German company's U.S. subsidiary Aldi will acquire Winn-Dixie and Harveys supermarkets in Alabama, Florida, Georgia, Louisiana and Mississippi. "Now is the time for us to expand our reach and help people in the South save money," said Jason Hart, head of Aldi's U.S. operations. "This transaction supports our long-term growth strategy in the U.S., including plans to Add 120 new stores nationwide this year, reaching more than 2,400 stores by the end of the year." Financial terms of the deal were not disclosed. The company is reviewing potential locations that could convert to the Aldi brand, Hart said, adding that some stores will retain their original names. Learn more:

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