Supervalu to Make Save-A-Lot Public

Supervalu Inc. (Minneapolis) filed a plan with the Securities and Exchange Commission to take its Save-A-Lot division public. Save-A-Lot would become a separate spin-off company if the plan is accepted.

Retailing Today reports shareholders of Supervalu would own more than 80.1 percent of Save-A-Lot shares. The company’s ticker name has not yet been released.

The company explained that focus on each business could be better managed with two distinct brands, as the reason behind taking Save-A-Lot public. No date has been set for bringing the brand public.