Report: Save-A-Lot Exploring Sale

Save-A-Lot, a discount grocer owned by private equity firm Onex Corp., is exploring a sale of all or part of itself, as it deals with increased competition and debt load, according to a recent Reuters report.

UNFI Completes Supervalu Acquisition

United Natural Foods has completed the previously announced acquisition of Supervalu for $32.50 per share in cash, or $2.9 billion, including the assumption of outstanding debt and liabilities.

Supervalu Weighs Reorganization Plan

Supervalu is weighing a proposal to reorganize the company’s corporate structure to further facilitate its strategic transformation plan. The proposal would result in a reorganization of the company’s corporate structure into a holding company structure.

Kohl’s Names Besanko CFO

Kohl’s has named Bruce Besanko as the retailer’s new chief financial officer, reporting directly to Kevin Mansell, the company’s chairman, chief executive officer and president.

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