MINNEAPOLIS — Supervalu here on Thursday said it has completed the sale of its Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market stores to AB Acquisition LLC, an affiliate of a Cerberus Capital Management-led investor consortium for $3.3 bi...
BOISE, Idaho — The sale of five retail banners by Minneapolis-based Supervalu to an investor group headed by Albertsons LLC here and Cerberus Capital Management, New York, is scheduled to take place Thursday.
The investors, doing business ...
CHICAGO — IGA USA here said Thursday the Champaign, Ill., division of the Midwest region of Supervalu has won the President's Cup Award that goes to a licensed distribution center annually.
Mark Batenic, IGA president, said the Champaign d...
MINNEAPOLIS — Supervalu here said Monday it has named several new executives, including a new chief executive officer at its Save-A-Lot division.
At the corporate level, three new executives were named, effective immediately:
Mark Van Buski...
“I have three operating principles — integrity, accountability and a sense of urgency, and looking at the P&L statement, I can tell you we will operate for sales and cash. And we are here for the long haul — we’re not...
LAS VEGAS — The primary goal for Supervalu going forward is to grow sales, Bob Miller told a roomful of Supervalu customers here last week.
“There’s only one thing that makes you successful, and that’s growing sales,” said Miller, who is c...
CHICAGO — In anticipation of the closing of the Supervalu-Cerberus transaction next month, Fitch Ratings here said Friday it has upgraded its Issuer Default Rating on Supervalu to B-minus from CCC.
It also said it has assigned ratings of B...