Content about Star Market

February 24, 2014

Cerberus Capital Management is the lead bidder for Safeway, according to a Bloomberg report published Saturday that cited people with knowledge of the matter.

NEW YORK — New Albertsons is on its way to becoming more than 1,300 stores larger. Cerberus Capital Management is the lead bidder for Safeway, according to a Bloomberg report published Saturday that cited people with knowledge of the matter. 

Cerberus is the only firm willing to swallow Safeway whole, the paper reported. 

July 9, 2013

Shaw’s and Star Market have confirmed that six underperforming stores will close in Massachusetts and Rhode Island.

NEW YORK — Shaw’s and Star Market have confirmed that six underperforming stores will close in Massachusetts and Rhode Island.

June 27, 2013

The Wall Street Journal on Wednesday reported that Cerberus Capital Management has made a bid for Harris Teeter Supermarkets.

NEW YORK — The Wall Street Journal on Wednesday reported that Cerberus Capital Management has made a bid for Harris Teeter Supermarkets. Citing a person familiar with the matter, the Journal reported Cerberus is considering keeping part of the grocery operator a public company. 

The market capitalization is about $2.3 billion, according to the Journal

June 20, 2013

Still fresh from its sale to AB Acquisition LLC, Albertsons has started notifying shoppers that its Preferred Card loyalty program is no longer available.

BOISE, Idaho — Still fresh from its sale to AB Acquisition LLC, Albertsons has started notifying shoppers that its Preferred Card loyalty program is no longer available.

On its website, Albertsons states: “Our customers are the only reasons that our doors open every day. Because of you, we exist. It’s that simple. We feel it’s our job to give everyone a great shopping experience, and that includes offering great prices to everyone.”

May 28, 2013

Several months after acquiring Supervalu, Cerberus Capital Management is reportedly interested in about a half-dozen grocery chains for potential bids, including Harris Teeter, according to a Wall Street Journal article.

NEW YORK — Several months after acquiring Supervalu, Cerberus Capital Management is reportedly interested in about a half-dozen grocery chains for potential bids, including Harris Teeter, according to a Wall Street Journal article.

A person familiar with the matter told the WSJ that Cerberus sees adding stores as a way to trim costs through additional scale while creating turnaround opportunities.

March 27, 2013

With its acquisition of five retail grocery banners from Supervalu now complete, Albertsons LLC has outlined its new executive management team.

BOISE, Idaho — With its acquisition of five retail grocery banners from Supervalu now complete, Albertsons LLC has outlined its new executive management team.

March 26, 2013

Supervalu on Tuesday announced plans to reduce its national workforce by an estimated 1,100 positions.

MINNEAPOLIS — Supervalu on Tuesday announced plans to reduce its national workforce by an estimated 1,100 positions. The reductions include both current positions and open jobs that will not be filled.

March 21, 2013

Supervalu announced the completion of the sale of its Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market stores and related Osco and Sav-on in-store pharmacies to AB Acquisition LLC, an affiliate of a Cerberus Capital Management-led investor consortium, in a stock deal valued at $3.3 billion, including $100 million in cash and $3.2 billion in debt assumption.

MINNEAPOLIS — Supervalu on Thursday announced the completion of the sale of its Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market stores and related Osco and Sav-on in-store pharmacies to AB Acquisition LLC, an affiliate of a Cerberus Capital Management-led investor consortium, in a stock deal valued at $3.3 billion, including $100 million in cash and $3.2 billion in debt assumption. 

March 20, 2013

Supervalu’s sale of Albertsons stores to Cerberus Capital Management will reportedly close Thursday at midnight, according to a published report by StateImpact Idaho.

BOISE, Idaho — Supervalu’s sale of Albertsons stores to Cerberus Capital Management will reportedly close Thursday at midnight, according to a published report by StateImpact Idaho.

February 25, 2013

When Albertson's LLC announced last month that its parent company, AB Acquisition, an affiliate of Cerberus Capital Management, signed an agreement to acquire 877 stores from Supervalu in a deal valued at some $3.3 billion — a move that will reunite all Albertsons stores under one operator — it recast the rankings of the industry's leading pharmacy retailers.

When Albertson's LLC announced last month that its parent company, AB Acquisition, an affiliate of Cerberus Capital Management, signed an agreement to acquire 877 stores from Supervalu in a deal valued at some $3.3 billion — a move that will reunite all Albertsons stores under one operator — it recast the rankings of the industry's leading pharmacy retailers.

February 25, 2013

When Supervalu announced this past summer a review of strategic alternatives, its goals were to improve its business, better position the company for the future and create the best opportunity to deliver shareholder value. This effort has led to the sale of 877 stores to AB Acquistion.

When Supervalu announced this past summer a review of strategic alternatives, its goals were to improve its business, better position the company for the future and create the best opportunity to deliver shareholder value. This effort has led to the sale of 877 stores to AB Acquistion.

Following the sale, Supervalu will consist of its wholesaler business, which serves 1,950 stores across the country; Save-A-Lot with approximately 1,300 stores across 35 states; and Supervalu's regional retail food banners Cub, Farm Fresh, Shoppers, Shop 'n Save and Hornbacher's.

January 10, 2013

In a move that will reunite all Albertsons stores under one operator, Supervalu on Thursday morning announced a definitive agreement under which it will sell 877 stores across the Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market banners and related Osco and Sav-on in-store pharmacies to AB Acquisition, an affiliate of Cerberus Capital Management, in a transaction valued at $3.3 billion.

MINNEAPOLIS — In a move that will reunite all Albertsons stores under one operator, Supervalu on Thursday morning announced a definitive agreement under which it will sell 877 stores across the Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market banners and related Osco and Sav-on in-store pharmacies to AB Acquisition, an affiliate of Cerberus Capital Management, in a transaction valued at $3.3 billion.

November 5, 2012

Shaw's Supermarkets, a subsidiary of Supervalu, on Friday announced plans to reduce its store-level workforce by an estimated 700 positions.

WEST BRIDGEWATER, Mass. — Shaw's Supermarkets, a subsidiary of Supervalu, on Friday announced plans to reduce its store-level workforce by an estimated 700 positions. These reductions, which will occur across 169 Shaw's and Star Market stores in New England, and will be finalized by Nov. 3, the grocer stated. 

September 25, 2012

Supervalu recently received multiple national honors for its sustainability efforts, the retailer announced Tuesday.

EDEN PRAIRIE, Minn. — Supervalu recently received multiple national honors for its sustainability efforts, the retailer announced Tuesday. First, the company is featured in the Carbon Disclosure Project’s 2012 “Carbon Disclosure Leadership Index,” which honors companies for both environmental performance and transparency in this area. Supervalu received the highest score among national grocery retailers in this report. 

May 24, 2011

Creative agency Kaplan Thaler Group has been tapped to run Supervalu’s latest ad campaign, according to a blog posted on the Kaplan Thaler Group site Monday.

NEW YORK — Creative agency Kaplan Thaler Group has been tapped to run Supervalu’s latest ad campaign, according to a blog posted on the Kaplan Thaler Group site Monday.

As lead creative agency, the Kaplan Thaler Group’s responsibilities will encompass advertising, digital and direct marketing across all Supervalu banners, including Acme, Albertsons, Cub Foods, Farm Fresh, Jewel-Osco, Shaw’s/Star Market, Shop ‘n Save, Shoppers Food & Pharmacy, Hornbacher’s and Save-A-Lot.