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CHICAGO — Fitch Ratings here on Friday said it affirmed its ‘CCC’ default ratings on Supervalu, saying the divestitures announced Thursday reduced its exposure to competitive pressures, but are offset by slightly higher debt leverage and deter...
MINNEAPOLIS — Shares of Supervalu rose about 15% Thursday on the news that it was selling about half of its business.
As previosuly reported, the company is selling its Albertsons, Jewel-Osco, Acme and Shaw’s/Star Market banners to an inve...
MINNEAPOLIS — Supervalu here said Thursday that it has reached an agreement to sell its Albertsons, Jewel-Osco, Acme, and Shaw’s and Star Market banners to a group led by Cerberus Capital Management in a transaction valued at $3.3 billion.
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NEW YORK — Cerberus Capital Management here is close to an agreement on the acquisition of certain parts of Supervalu, the Wall Street Journal reported Friday.
Under terms of the tentative deal, Cerberus, which owns Albertsons LLC, would i...
AUSTIN, Texas — Whole Foods Market led the field of food-retailing stocks again in 2012, with a gain of nearly 35% for the year, to close at $91.16 on Dec. 31.
It marked the fourth straight year that the natural and organic product special...
SAN DIEGO — Retail Opportunity Investments Corp. here said Friday that it has acquired three grocery-anchored shopping centers in Southern California and has an agreement to acquire a fourth.
The four properties, acquired for $114 million...
Leon G. Bergmann
MINNEAPOLIS — Supervalu here has settled a lawsuit against in which the company had alleged that Bergmann violated a non-compete agreement by accepting a position at Unified Grocers, Los Angeles.
Terms of the settlement we...
Kroger Co. and Safeway will realize gains in sales volume through the downsizing of Supervalu in 2013, said Andrew Wolf, a Richmond, Va.-based analyst at BB&T Capital Markets.
Wolf — who correctly predicted at SN’s 2012 Analyst Roundtable ...