Save-A-Lot has appointed Kenneth McGrath as chief executive officer, effective April 21.
Supervalu posted a net loss in its third quarter, following the recent sale of its Save-A-Lot business.
Supervalu has finalized the previously announced sale of its Save-A-Lot business to an affiliate of Onex Corporation for $1.365 billion in cash, subject to customary closing adjustments.
Following Supervalu’s sale of its Save-A-Lot division, the supermarket retailer posted a soft second quarter, with flat earnings and a decline in sales.
Supervalu has entered into a definitive agreement with an affiliate of private equity firm Onex Corp. to sell its Save-A-Lot discount grocery business for $1.37 billion in cash.
For its first quarter, Supervalu saw net earnings and sales drop as it continues to explore a potential spin-off of its Save-A-Lot division.
For the fourth quarter of fiscal 2016, Supervalu posted net earnings from continuing operations of…
Supervalu has appointed Mary Winston to its board of directors, effective April 27. Winston joins…
Supervalu Inc. has appointed Mark Gross as the company’s president and CEO. He is succeeding…