Cerberus Seen as a ‘Stopping Point’ for Chains

NEW YORK — The investor group led by Cerberus Capital Management here that is buying five retail chains from Supervalu is likely to operate some and sell off others, though it remained unclear last week which could be sold, who the buyers might be or when those deals might transpire. “Cerberus is a money-generating company that definitely would flip whatever it can flip as quickly as it can flip it to get some of its cash back,” one industry observer told SN last ...

SIGN IN TO ACCESS THIS ARTICLE

Registering for Premium Content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick.

Already registered? here

Discuss this Article 4

antisupervalu
on Feb 1, 2013

I am sure Ceberus will dump the Supermarkets that are not making Money i know Shaws is really in bad shape also this will be one chain that Cerberus i feel this will be the frist chain it will sell not even sure anyone would buy Shaws

ACME is #1 (not verified)
on Feb 1, 2013

Most veteran analysts predict Acme will be the first banner to be liquidated

dtrOK
on Feb 3, 2013

SuperValu had to raise lots a cash quickly, so I guess its easier to write off a few BILLION dollars and take what someone will give you @ almost 3.5 billion... no one retail company would have given SuperValu 3.5 billion for those banners and if they sold off those banners individually, they might have gotten slightly more but with more headaches which would cost them eventually. Now Ceberus can do the job of piecemealing stores together to sell after Safeway and Kroger each take the best markets & banners which is where you'll see them recoup the 3 Billion and all the outlying stores will be sold to Royal Ahold, Delhaize, Price Chopper and several others... that's where Ceberus will make a few hundred million more.

michael mitchell (not verified)
on Feb 23, 2013

Time will tell just what chains we be sold i am sure one chain that is in bad shape is Shaws

Post new comment
Sign In or register to use your Supermarket News ID
(optional)

Sponsored by: Tyson Deli

SN’s Spotlight on Deli/Fresh Meals series profiles large chains and independent retailers who show innovation in their deli and fresh meals departments. Click Here

Twitter Facebook Youtube Iphone APP RSS Feeds Google Plus