Supervalu will continue to own a group of 184 conventional stores operating under several regional banners including Cub Foods Shoppers Food  Pharmacy Farm Fresh Shop n Save and Hornbachers
Supervalu will continue to own a group of 184 conventional stores operating under several regional banners, including Cub Foods, Shoppers Food & Pharmacy, Farm Fresh, Shop ‘n Save and Hornbacher’s.

Supervalu Gets ‘Vote of Confidence’ From Cerberus

"[Sam] Duncan is a very seasoned executive who has been part of two turnaround companies so in addition to his supermarket experience, he should do well bringing an urgency to making changes.” — Neil Stern, senior partner, McMillanDoolittle

MINNEAPOLIS — An investment group led by Cerberus Capital Management is scheduled to take control of between 20% and 30% of Supervalu and install a new top leadership following a tender offer.

The tender offer is seen as a vote of confidence “from an investor that has had the opportunity to look under the hood,” according to Deborah Weinswig, managing director of Citi Research, New York.

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