Supermarket giant buys Philadelphia's Di Bruno Bros. brand

ShopRite's parent company just acquired the Di Bruno Bros. brand.

Why it matters: Supermarket giant Wakefern Food Corp. will now manage one of Philly's most beloved and iconic businesses known for gourmet foods, cheeses and cured meats.

Driving the news: This week, New Jersey-based Wakefern took over the Di Bruno Bros. trademark and a slew of branded products, including olive oils , meats and condiments .

Plus: Emilio Mignucci, an expert cheesemonger and third-generation Di Bruno family member, was named vice president of the Di Bruno Bros. brand.

Zoom out: Wakefern is the largest retailer-owned cooperative in the U.S. with 365 supermarkets.

• It's made up of 45 companies, including ShopRite, Fresh Grocer and Fairway.

Between the lines: Wakefern's acquisition continues the selling off of the Philly family business that opened 85 years ago.

• In April, DB Gourmet Markets LCC acquired Di Bruno Bros.'s five retail locations and a bottle shop in the Philly region.
• Those shops are being operated by Brown's Super Stores, which is owned by Jeff Brown , a mayoral also-ran.

Catch up quick: Di Bruno Bros. opened in South Philly Italian Market in 1939.

• The shop grew to offer the area's largest selection of international cheeses and a catering service, plus it employs around 350 people.

What we're watching: Whether the Di Bruno Bros. brand expands in the Philly region and beyond in the coming years.