SUPERVALU AGREES TO BUY BIGG'S PARENT

MINNEAPOLIS -- Supervalu here agreed last week to acquire Cincinnati-based Hyper Shoppes, the parent company of Bigg's.Supervalu said the purchase would give it "a greater presence" in the rapidly growing supercenter market.Bigg's operates five supercenters and two 70,000-square-foot supermarkets. Annual sales exceed $500 million, and the retailer recently "completed its best sales year ever," according

MINNEAPOLIS -- Supervalu here agreed last week to acquire Cincinnati-based Hyper Shoppes, the parent company of Bigg's.

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