MINNEAPOLIS — Supervalu on Monday said that Wayne C. Sales (right) has been named president and chief executive officer, replacing Craig R. Herkert.
Sales will continue to serve as chairman of the board. Director Philip L. Francis has been...
It will be a long second half of 2012 for Supervalu.
The distributor’s announcement earlier this month that it’s reviewing strategic options and considering a possible sale of the company has taken its situation to a new level and generate...
MINNEAPOLIS — A federal judge here has denied class-action status to retailers pursuing antitrust litigation against Supervalu and C&S Wholesale Grocers as a result of the wholesalers’ 2003 asset swap.
Plaintiffs in the case alleged that t...
BENTONVILLE, Ark. — Wal-Mart Stores here said Tuesday that it is opposed to the proposed settlement of a civil antitrust lawsuit against Visa, MasterCard and their card-issuing banks.
“Wal-Mart, along with a growing number of consumer grou...
MINNEAPOLIS — Supervalu here said it has offered retention agreements to some key executives as the company investigates a possible sale and seeks to revamp its positioning in the market.
The company agreed to pay Janel Haugarth and Sherry...
“I’m extremely disappointed that Tom Lenkevich is leaving as COO. He has tremendous ability and having been a licensee at one point, he knows the direction that Save-A-Lot has been heading in.”
— Licensee
NEW YORK — Moody's Investors Service here said Thursday it has downgraded the corporate family rating and probability of default rating of Supervalu’s debt to B3 from B1.
It also said it has downgraded the ratings of Supervalu's senior uns...
