Kroger to Buy Scott's; Supervalu Surges

MINNEAPOLIS -- Supervalu here said yesterday it has agreed to sell its Scott's Food & Pharmacy banner in the Fort Wayne, Ind., market to Kroger Co., Cincinnati, for an undisclosed sum.

MINNEAPOLIS -- Supervalu here said yesterday it has agreed to sell its Scott‘s Food & Pharmacy banner in the Fort Wayne, Ind., market to Kroger Co., Cincinnati, for an undisclosed sum. Kroger said it would retain the Scott‘s banner and incorporate the chain into its 145-unit Central Division, based in Indianapolis. In a conference call discussing its results for the fiscal year that ended Feb. 24, Supervalu said Scott‘s had “too much square footage” in a market of 300,000

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