Supervalu Inc., which reported a loss of $111 million in its second fiscal quarter, says it is in active discussions with interested parties about options that could include the sale of all or part of the company.


Supervalu Inc., Wayne Sales, Supervalu, Jewel-Osco, Chicago
































































































































































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Supervalu in talks with suitors

October 29th, 2012

MINNEAPOLIS – Supervalu Inc., which reported a loss of $111 million in its second fiscal quarter, says it is in active discussions with interested parties about options that could include the sale of all or part of the company.

Wayne Sales, who took over as president, chairman and chief executive officer at Supervalu during the second quarter, characterized the company’s recent performance as unacceptable. But he said the company is working to improve its business even as it considers other options.

Sales pointed to such accomplishments as the successful refinancing of Supervalu’s credit facility, the restructuring of its executive leadership team and the announcement that 60 underperforming stores will close. Supervalu has also completed a price initiative at the company’s Jewel-Osco division in Chicago, the results of which Sales said are ­encouraging.

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