
Supervalu executive Bruce Besanko is resigning his position as evp/COO and CFO, effective July 5, to pursue an opportunity outside the company.
Supervalu executive Bruce Besanko is resigning his position as evp/COO and CFO, effective July 5, to pursue an opportunity outside the company.
Supervalu has completed its acquisition of Unified Grocers in a transaction valued at $390 million.
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.
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 has appointed Kenneth McGrath as chief executive officer, effective April 21.
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 has named Anne Dament svp/retail, merchandising and marketing.
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.
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