ST. PAUL, Minn. — A federal appeals court here this week revived antitrust claims against C&S Wholesale Grocers and Supervalu related to the wholesalers’ 2003 asset swap.
The decision reversed a lower court’s ruling to dismiss claims broug...
MINNEAPOLIS — Supervalu here said Monday that Sam K. Duncan has taken over as president and chief executive officer sooner than previously expected.
Duncan had been scheduled to assume leadership of Supervalu in mid-March, after Supervalu ...
CINCINNATI — Kroger Co. on Tuesday announced another Kroger Marketplace project in the Hampton Roads area of Virginia. Construction of the store, to be located in Suffolk, Va., is to begin in July, Suffolk Mayor Linda T. Johnson said in a rele...
“If household income takes a knock right out of the gate in January, the question is, what does that mean for supermarket demand? It’s bound to be a negative."
— Andrew Wolf, analyst, BB&T Capital Markets
NEW YORK — Moody's Investors Service here said Monday it has assigned a B1 rating to Minneapolis-based Supervalu's proposed $1.5-billion senior secured term loan. The loan, which will be secured by real estate, equipment and the stock of Save...
“Cerberus may merely be a stopping point for some of the Supervalu assets before they find a permanent home with operational buyers.”
— John Heinbockel, managing director, Guggenheim Securities
"[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.&rdquo...
MINNEAPOLIS — A federal judge here has dismissed retailer claims alleging that the 2003 asset swap between C&S Wholesale Grocers and Supervalu violated federal antitrust laws and resulted in inflated prices and fees.
The suit, filed in 200...
“When we announced our review of strategic alternatives this past summer, our goals were to improve our business, better position the company for the future, and create the best opportunity to deliver significant shareholder value. I believe...
