Supervalu completed its sale of banner stores to Cerberus last week. Reader interest elevated two articles about the news into SN's top 10 pieces of content. Reshaping at Ahold and changes at A&P also grabbed reader attention as the retail environment forces companies to adapt. See SN's top five stories below.
1. 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.
2. New World: A ‘Reshaping’ Ahold Looks Ahead
Thirty-five years after arriving in the United States — and 10 since an accounting scandal nearly chased it out — the Dutch retailer Ahold has proven an enduring presence in America.
3. New A&P Chairman Mays Cites Progress: Sources
MONTVALE, N.J. — Greg Mays has taken over for Ron Burkle as chairman of A&P here, the company told employees Wednesday.
4. Supervalu-Albertsons Deal Set to Close Thursday
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.
5. A&P to Close 2 Food Emporium Stores
MONTVALE, N.J. — The previously reported property deal that A&P said would generate $130 million includes two Food Emporium leases to be sold to a private investment firm — and may be the only results of the retailer’s latest attempt to sell off the chain.