Supervalu, in partnership with four Twin Cities-area independent retailers, said Wednesday that the group has agreed to acquire 18 Rainbow Foods grocery stores from Milwaukee-based Roundy’s for about $65 million, plus inventory. Ten of the acquired stores would be converted to Supervalu’s Cub Foods banner and two to the Byerly’s banner, with the other six remaining Rainbow Foods. Of the 18 stores, Supervalu will have 100% ownership in three Cub stores; majority ownership in ...

REGISTER TO VIEW THIS ARTICLE - Register for a Free Account

Why Register for FREE?

Registering for 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.  What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
 

Click here to read the FAQ page if you have any questions (opens in a new window)
 

Attention Paid Print Subscribers:  While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.

Already registered? here.