Headlines

Supervalu Sells 877 Stores

Company tries to reduce debt

Published

11 years ago

January 11, 2013

VMSD Staff

Supervalu Inc. (Eden Prairie, Minn.) has sold five of its supermarket chains to an investor group led by Cerberus Capital Management LP in a $3.3 billion deal, according to Reuters. The move impacts 877 locations which comprise the Albertsons, Acme, Shaw’s, Jewel-Osco and Star Market chains, along with in-store pharmacies under the Sav-on and Osco names.

The sale is expected to be finalized in March. Supervalu will retain ownership of a food wholesaler working with 1950 U.S. stores, 1300 Save-A-Lot stores, and regional chains including Farm Fresh, Cubs, Shoppers, Hornbacher’s and Shop ‘n Save, Reuters reports.

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design