Supervalu has appointed former C&S Wholesale Grocers executive Mark Gross as its president and CEO. “Mark is a talented, strategic and results-driven leader with a wealth of industry experience,” Jerry Storch, non-executive chairman, said... More
Supervalu and The Fresh Market said Monday they have reached a long-term supply agreement for Supervalu to serve as a grocery wholesaler and distributor to the Greensboro, N.C.-based specialty food retailer....More
As he prepares Supervalu for the imminent separation of its lucrative Save-A-Lot retail business, CEO Mark Gross is confident in remaking the remaining company as “the wholesaler of choice” for the rest of the food retail world....More
In an apparent acknowledgement of reports that several private equity firms would bid to acquire Save-A-Lot, Supervalu said Tuesday that it still intends to move forward on a plan to spin off the discounter to shareholders, but is also considering an outright sale....More
Several private equity firms are expected to bid on acquiring Save-A-Lot from Supervalu in the coming weeks, making the prospect of a public spinoff of the discounter less likely, according to a Reuters report....More
Supervalu will retain a 40% interest in Save-A-Lot in the company's planned spin-off of the discount division to a publicly traded, stand-alone company, the distributor said in an SEC filing late Thursday....More
Supervalu’s 640 corporate stores encompass 199 supermarkets (Cub Foods, Farm Fresh, Shop ’n Save, Shoppers Food Warehouse and Hornbacher’s) and 441 Save-A-Lot locations. It also licenses 901 Save-A-Lots and distributes to 1,854 independent customers.