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Mark Gross

United Natural Foods to acquire Supervalu

United Natural Foods to acquire Supervalu

PROVIDENCE, R.I. — United Natural Foods Inc. has agreed to acquire Minneapolis-based wholesaler and retailer Supervalu Inc. The deal is valued at about $2.9 billion, including the assumption of outstanding debt and liabilities. UNFI says the transaction represents an opportunity to diversify its customer base and expand its market reach and scale. The company said

Supervalu names Anne Dament senior VP

Supervalu names Anne Dament senior VP

MINNEAPOLIS — Supervalu Inc. has appointed Anne Dament as senior vice president of retail, merchandising and marketing. In this role, she will lead the company’s retail banner operations, oversee the retail merchandising and marketing functions, and report to Mark Gross, Supervalu’s president and chief executive officer. Dament, a 25-year retail veteran who began her career

Supervalu sells Save-A-Lot for nearly $1.4 billion

Supervalu sells Save-A-Lot for nearly $1.4 billion

MINNEAPOLIS — Supervalu Inc. has agreed to sell its Save-A-Lot hard discount grocery chain to private equity firm Onex Corp. for $1.365 billion in cash. The deal comes more than year after Supervalu announced that it was exploring options for a separation of the Save-A-Lot business, including a possible spin-off into a stand-alone, publicly traded