Supervalu CFO Besanko Resigns
Supervalu executive Bruce Besanko is resigning his position as evp/COO and CFO, effective July 5, to pursue an opportunity outside the company.
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Supervalu Completes Acquisition Of Unified Grocers
Supervalu has completed its acquisition of Unified Grocers in a transaction valued at $390 million.
Supervalu Acquisition Of Unified Grocers Advances
Supervalu and Unified Grocers said that the United States Federal Trade Commission has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, with respect to their merger.
Supervalu Produces Mixed Q4 Results In Wholesale, Retail Business
In the fourth quarter, following its plans to acquire Unified Grocers, Supervalu gained momentum in its wholesale business while its retail division slipped.
Save-A-Lot Appoints McGrath CEO
Save-A-Lot has appointed Kenneth McGrath as chief executive officer, effective April 21.
Supervalu To Acquire Unified Grocers
Supervalu and Unified Grocers have entered into a definitive merger agreement that calls for Supervalu to acquire Unified Grocers in a transaction valued at approximately $375 million.
Supervalu Appoints Dament SVP/Retail, Merchandising and Marketing
Supervalu has named Anne Dament svp/retail, merchandising and marketing.
Supervalu Posts Q3 Loss
Supervalu posted a net loss in its third quarter, following the recent sale of its Save-A-Lot business.
Supervalu Completes Sale Of Save-A-Lot
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.
Transitioning Supervalu Posts Soft Second Quarter
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 Deals Save-A-Lot To Onex Corp.
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.
Supervalu Struggles With Turnaround In Q1
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.
Ahold And Delhaize Complete Merger
Ahold and Delhaize Group have completed their merger following the approval of the United States Federal Trade Commission. Ahold Delhaize…
Ahold, Delhaize Divest 86 U.S. Stores To Advance Merger
Netherlands-based Ahold and Belgium-based Delhaize Group will divest 86 stores in the United States as they pursue a merger. The…
Supervalu Acquires 22 Food Lion Grocery Stores
Supervalu has entered into a definitive agreement to acquire 22 Food Lion grocery stores that are being sold in connection…
Supervalu Q4 Sales Soft But Earnings Gain
For the fourth quarter of fiscal 2016, Supervalu posted net earnings from continuing operations of $49 million, or 18 cents…
Supervalu Appoints Winston To Board
Supervalu has appointed Mary Winston to its board of directors, effective April 27. Winston joins the board having most recently…
Gross Named Supervalu CEO As Duncan Retires
Supervalu Inc. has appointed Mark Gross as the company’s president and CEO. He is succeeding Sam Duncan, who previously announced…
Supervalu Q3 Sales Lag
For its third quarter, Supervalu posted company net earnings of $34 million, or 13 cents per diluted share, versus $79…
Claus Named CEO Of Save-A-Lot
SuperValu has appointed Eric Claus as the chief executive officer of Save-A-Lot, the company’s hard-discount grocery segment. Claus joins the…