Safeway invests in Groceryworks.com

Safeway Inc. has invested $30 million in GroceryWorks.

Safeway Inc. has invested $30 million in GroceryWorks.com, a Dallas-based online grocer. GroceryWorks will become the exclusive online grocery channel for Safeway, which will supply product to GroceryWorks. A subsidiary of Safeway will also receive stock equivalent to 50 percent of GroceryWorks. -- Margaret Kane, ZDNet News

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