Supervalu to Sell Save-A-Lot

Supervalu (Minneapolis) announced it will sell grocery store chain Save-A-Lot to a Canadian private equity firm for $1.4 billion in cash.

Save-A-Lot is a discount grocery retailer that owns and operates 472 corporate stores and supplies another 896 licensee-owned stores across the country, according to the St. Louis Business Journal.

Supervalu also owns Farm Fresh in Virginia, Shop’n’Save and Cub Food in Minneapolis, Hornbacher’s in North Dakota and Shoppers in Washington, D.C.