Supervalu Completes Sale of Chains to Cerberus
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 billion.
Walgreens Inks New Supply Deal
DEERFIELD, Ill. — Walgreen Co. here on Tuesday said it has agreed to a new, 10-year supply agreement with AmerisourceBergen for branded and generic pharmaceutical products, and will also take an equity stake in the drug wholesaler.
Sobeys Warehouse Workers End Strike
MILTON, Ontario — United Food and Commercial Workers Local 175 said its members have ended their strike against a Sobeys warehouse here despite opposition to the new contract by union leadership.
Acquisition Boosts Sobeys’ Q3 Gains
STELLARTON, Nova Scotia — Sobeys here posted a gain in third-quarter sales following a recent acquisition, and adjusted net income also increased.
Kroger Drives Sales Gains in Q4
CINCINNATI — Shoppers continue to face economic uncertainty, Kroger Co. here said in a conference call with investors last week discussing fourth-quarter results.
Safeway Highlights Wellness
PLEASANTON, Calif. — Safeway here last week told analysts that its new wellness initiative promises to become a significant piece of its business going forward — although it still has not provided much detail on its exact nature.
Supervalu Revamps Executive Ranks
MINNEAPOLIS — Supervalu here said Monday it has named several new executives, including a new chief executive officer at its Save-A-Lot division.
Publix Posts Gains in 2012
LAKELAND, Fla. — Publix Super Markets here said Friday that its net income rose 4% in 2012, on a 1.9% increase in sales, and said its stock hit an all-time high.
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