Content about Supervalu

February 21, 2013

Albertsons named the division presidents who will lead the 877 stores it will acquire from Supervalu after the purchase agreement closes next month, the company said. The two companies agreed to the purchase in January.

BOISE, Idaho — Albertsons named the division presidents who will lead the 877 stores it will acquire from Supervalu after the purchase agreement closes next month, the company said. The two companies agreed to the purchase in January.

February 14, 2013

Evander Holyfield, the only five-time world heavyweight champion, will greet Supervalu's Jewel-Osco customers and boxing fans during appearances at two of the retailer’s Chicago stores.

ITASCA, Ill. — Evander Holyfield, the only five-time world heavyweight champion, will greet Supervalu's Jewel-Osco customers and boxing fans during appearances at two of the retailer’s Chicago stores. Holyfield will be the special guest at free food sampling events on Feb. 16 and 17 that will be held as part of Jewel-Osco’s ongoing “A Taste of Black History” program, a month-long initiative that recognizes the retailer’s African-American vendor partners. 

February 4, 2013

Supervalu on Monday named Sam Duncan president and CEO.

MINNEAPOLIS — Supervalu on Monday named Sam Duncan president and CEO. In this role he succeeds Wayne Sales, who has served as the company’s president and CEO since July 2012. The succession was first reported last month, when Supervalu announced its agreement with AB Acquisition to sell five of its retail banners as well as enter into an agreement with Symphony Investors to conduct a tender offer for up to 30% of Supervalu's outstanding common stock. 

January 24, 2013

Supervalu's Jewel-Osco on Wednesday announced that they will celebrate Black History Month with the company's 14th annual "A Taste of Black History" program, which honors the contributions and achievements of the retailer's African-American vendor partners.

ITASCA, Ill. — Supervalu's Jewel-Osco on Wednesday announced that they will celebrate Black History Month with the company's 14th annual "A Taste of Black History" program, which honors the contributions and achievements of the retailer's African-American vendor partners.

January 14, 2013

The worst of the flu season may be over, at least for those on the East Coast. In a late morning press conference with reporters on Friday, Thomas Frieden, director of the Centers for Disease Control and Prevention, said, "We are seeing a decrease in some regions."

Just don't tell that to anyone living in New York or Boston or Chicago, at least not before slipping on a facemask first.

ATLANTA — The worst of the flu season may be over, at least for those on the East Coast. In a late morning press conference with reporters on Friday, Thomas Frieden, director of the Centers for Disease Control and Prevention, said, "We are seeing a decrease in some regions." 

Just don't tell that to anyone living in New York, Boston or Chicago, at least not before slipping on a facemask first.  

January 14, 2013

Jewel-Osco is shipping "thousands" of extra doses of flu vaccine amid a flu season that the Centers for Disease Control and Prevention has labeled an epidemic, the retail chain said.

ITASCA, Ill. — Jewel-Osco is shipping "thousands" of extra doses of flu vaccine amid a flu season that the Centers for Disease Control and Prevention has labeled an epidemic, the retail chain said.

The company plans to ship 7,000 doses to its pharmacies starting Tuesday and continuing into Wednesday, with about 170 pharmacies set to receive some of the doses.

January 11, 2013

Last week in a much anticipated move, Cerberus Capital Management acquired 877 supermarkets from Supervalu for $100 million in cash and the assumption of $3.2 billion in debt. Also part of the deal, a Cerberus-led investor consortium will provide the remaining Supervalu business an influx with the purchase of up to 30% of Supervalu stock at a purchase price of $4 per share.

Following the transaction, Supervalu will be a $17 billion business comprised mostly of its distribution business, which will represent 47% of revenues, Save-A-Lot (25%) and 191 regional supermarkets (28%).

Last week in a much anticipated move, Cerberus Capital Management acquired 877 supermarkets from Supervalu for $100 million in cash and the assumption of $3.2 billion in debt.  Also part of the deal, a Cerberus-led investor consortium will provide the remaining Supervalu business an influx with the purchase of up to 30% of Supervalu stock at a purchase price of $4 per share. 

January 10, 2013

The sale of 877 stores to Cerberus Capital Management will help Supervalu re-energize its remaining three businesses, current Supervalu president and CEO Wayne Sales told analysts Thursday morning.

MINNEAPOLIS — The sale of 877 stores to Cerberus Capital Management will help Supervalu re-energize its remaining three businesses, current Supervalu president and CEO Wayne Sales told analysts Thursday morning. "What this means … is the company is smaller," Sales said. "And we exit with a much smaller balance sheet to ensure liquidity going forward," he said. This sale will not be followed by any further divestitures, Sales said. "We're not shopping any other assets."

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.

January 7, 2013

The breakup of Supervalu to private equity firm Cerberus Capital Management could be announced as soon as Thursday when Supervalu shares third-quarter results with analysts, according to a report in the Wall Street Journal published Friday.

NEW YORK — The breakup of Supervalu to private equity firm Cerberus Capital Management could be announced as soon as Thursday when Supervalu shares third-quarter results with analysts, according to a report in the Wall Street Journal published Friday. 

January 4, 2013

Several retailers got top scores from a gay-rights organization for their efforts to prevent discrimination against and include lesbian, gay, bisexual and transgender employees.

WASHINGTON — Several retailers got top scores from a gay-rights organization for their efforts to prevent discrimination against and to include lesbian, gay, bisexual and transgender employees.

The Human Rights Campaign released its 2013 Corporate Equality Index, which gives companies ratings of up to 100% based on their policies regarding LGBT employees and also released a buyer's guide for LGBT consumers.

December 27, 2012

Supervalu last week settled its suit enforcing a non-compete clause against former president Leon Bergmann, the Minneapolis/St. Paul Business Journal reported last week.

MINNEAPOLIS, Minn. — Supervalu last week settled its suit enforcing a non-compete clause against former president Leon Bergmann, the Minneapolis/St. Paul Business Journal reported last week.

According to the report, Bergmann had resigned as president of Supervalu's independent business organization in favor of a position with Unified Grocers. Supervalu sued to enforce its confidentiality agreements.

Details of the settlement were not disclosed. 

December 12, 2012

The head of a regional supermarket chain based in the Pacific Northwest is stepping down, according to published reports.

NEW YORK — The head of a regional supermarket chain based in the Pacific Northwest is stepping down, according to published reports.

The Bellingham, Wash., Herald reported that Haggen president and CEO Clarence Gabriel would step down and be replaced by three other members of its management team. The company did not elaborate on why Gabriel was resigning, according to the newspaper.

December 11, 2012

Fans of "Zombieland" take heart — should the world come to an end, the last Twinkie will be available at a Chicago-area Jewel Osco.

ITASCA, Ill. — Fans of "Zombieland" take heart — should the world come to an end, the last Twinkie will be available at a Chicago-area Jewel Osco. 

Jewel-Osco, a Supervalu company, on Monday announced that beginning Tuesday morning the retailer will begin selling what are believed to be the last shipments of Hostess products. More than 20,000 boxes of Twinkies will be sold at regular price through select Chicago-area Jewel-Osco stores, the company stated. "Customers looking for Ding Dongs, Zingers and Orange Cupcakes will also be in luck."

December 7, 2012

More than five-dozen Albertsons stores in the West will start selling gluten-free frozen pizzas this month.

DELRAY BEACH, Fla. — More than five-dozen Albertsons stores in the West will start selling gluten-free frozen pizzas this month.

Better4U Foods said Friday that 63 stores in Albertsons' Intermountain West Division — which includes Idaho, Montana, North Dakota, Oregon, Utah, Washington and Wyoming — would stock the pizzas. Pizza varieties will include Gluten-Free Four Cheese, Gluten-Free Uncured Pepperoni and the vegan Dairy-Free Gluten-Free Roasted Vegetable.

December 3, 2012

Supervalu on Friday confirmed that a previously announced review of strategic alternatives is proceeding, sparking a slight run on the company's stock.

MINNEAPOLIS — Supervalu on Friday confirmed that a previously announced review of strategic alternatives is proceeding, sparking a slight run on the company's stock. As of early Monday afternoon, Supervalu was trading at $2.53 per share, up 6.3%. 

"The company continues to be in active discussion with several parties," Supervalu stated. 

The Wall Street Journal on Sunday reported that Cerberus Capital Management and Supervalu had been negotiating a potential acquisition deal through the weekend.

November 30, 2012

Supervalu confirmed on Thursday that the previously announced review of strategic alternatives is proceeding, and it continues to be in active discussion with several parties.

MINNEAPOLIS  — Supervalu confirmed on Thursday that the previously announced review of strategic alternatives is proceeding, and it continues to be in active discussion with several parties.

The retailer stated that there can be no assurance that this process will result in any transaction or any change in the company’s overall structure or its business model.

November 9, 2012

Edward Hospital on Thursday announced the opening of two Quick Care Clinics within a pair of Supervalu's Jewel-Osco pharmacies.

NAPERVILLE, Ill. — Edward Hospital on Thursday announced the opening of two Quick Care Clinics within a pair of Supervalu's Jewel-Osco pharmacies. 

"We are always seeking new opportunities to expand our services," stated Chris Dimos, Supervalu president of pharmacy and nonfoods merchandising. "Through this partnership, we will be able to offer our patients even more tools to help them manage their health and wellness needs."

November 8, 2012

CVS/pharmacy on Thursday expanded the role of two retail field executives as SVP operations Dennis Palmer, a 37-year retail veteran, announced his retirement.

WOONSOCKET, R.I. — CVS/pharmacy on Thursday expanded the role of two retail field executives as SVP operations Dennis Palmer, a 37-year retail veteran, announced his retirement.

Effective Nov. 5, Hanley Wheeler, SVP operations has assumed responsibility of CVS/pharmacy’s Western and Southwestern markets while continuing to have responsibility for the company’s retail operations in its Midwest and Southeast markets.

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. 

November 2, 2012

The Northeast is still recovering from one of the worst disasters it has ever faced. Many residents remain without electrical power, while others have lost their entire homes, businesses, workplaces and in a growing number of cases, their lives.

NEW YORK — The Northeast is still recovering from one of the worst disasters it has ever faced. Many residents remain without electrical power, while others have lost their entire homes, businesses, workplaces and in a growing number of cases, their lives.

October 26, 2012

A number of Supervalu banners on Friday announced that select locations will host Iams Home 4 the Holidays initiative on Nov. 2 and 3. As part of the events, neighborhood shelters will introduce shoppers to deserving puppies, kittens, dogs and cats that are up for adoption.

 MINNESOTA — A number of Supervalu banners on Friday announced that select locations will host Iams Home 4 the Holidays initiative on Nov. 2 and 3. As part of the events, neighborhood shelters will introduce shoppers to deserving puppies, kittens, dogs and cats that are up for adoption.

October 25, 2012

The jewel in the Supervalu crown — Save-A-Lot — may be up for bid by investment firm KKR, according to a Wall Street Journal blog published Thursday.

NEW YORK — The jewel in the Supervalu crown — Save-A-Lot — may be up for bid by investment firm KKR, according to a Wall Street Journal blog post published Thursday. 

Also in the hunt is Cerberus Capital Management, which is weighing a bid for all of Supervalu, WSJ reported, citing persons familiar with the matter. However, Cerberus may also look at bidding for only pieces of the grocer. 

Reportedly in the bid for the wholesale end of Supervalu's business is C&S Wholesale Grocers.   

October 23, 2012

Cerberus Capital Management, which owns Albertsons LLC, may be looking to reunite the stores as it has reportedly emerged as a possible suitor to acquire all or part of Supervalu, according to published reports.

NEW YORK — Cerberus Capital Management, which owns Albertsons LLC, may be looking to reunite the stores as it has reportedly emerged as a possible suitor to acquire all or part of Supervalu, according to published reports. 

Cerberus is reportedly seeking $4 billion to $5 billion in debt financing from banks and is looking at investing equity of $800 million to $900 million, a person familiar with the matter reportedly said, although the source cautioned that the figures could change, according to reports.

October 23, 2012

Park City Group, a provider of consumer goods supply chain technology, has tapped food industry insiders Austin Noll Jr. and Richard Juliano to serve on its board.

PARK CITY, Utah — Park City Group, a provider of consumer goods supply chain technology, has tapped food industry insiders Austin Noll Jr. and Richard Juliano to serve on its board. Peter Brennan, who has served on the board since 2009, has announced his retirement from the board for personal reasons. All moves are effective immediately.

The group represents all areas of the retail grocery, convenience, foodservice and discount channels, as well as trading partners and industry groups.