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Save-A-Lot

Save-A-Lot appoints Kenneth McGrath as CEO

Save-A-Lot appoints Kenneth McGrath as CEO

EARTH CITY, Mo. — Kenneth McGrath has been named chief executive officer of the Save-A-Lot discount grocery chain, effective April 21. He succeeds Eric Claus, who has agreed to step down. McGrath has extensive experience in the discount grocery sector, including 13 years with the Lidl chain owned by Germany’s Schwarz Group. He was CEO

Deal struck to sell Save-A-Lot

MINNEAPOLIS — Supervalu Inc. has agreed to sell the Save-A-Lot deep discount grocery chain to private equity firm Onex Corp. for $1.37 billion in cash. The deal comes more than a year after Supervalu announced that it was exploring options for a separation of the Save-A-Lot business, including a possible spin-off. Supervalu this year had

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

Save-A-Lot spin-off planned

EDEN PRAIRIE, Minn. — Supervalu Inc. last month filed plans to spin off its Save-A-Lot chain of discount supermarkets. Save-A-Lot would become a publicly traded company, with Supervalu shareholders controlling at least 80% of the enterprise, according to Supervalu’s filing with the Securities and Exchange Commission. Supervalu president and chief executive officer Sam Duncan floated

Claus takes helm at Save-A-Lot

MINNEAPOLIS – Supervalu Inc. has named Eric Claus chief executive officer of its Save-A-Lot hard discount grocery chain. He is expected to start in that role on or before January 4. Ritchie Casteel, who has been serving as president and CEO of Save-A-Lot, will continue to serve as president, reporting to Claus. Casteel will continue

Eric Claus appointed CEO of Save-A-Lot

EDEN PRAIRIE, Minn. – Supervalu Inc. on Wednesday named Eric Claus as chief executive officer at Save-A-Lot, its retail food division. Claus brings more than three decades of retail experience to the job, which he will assume on or before January 4, Supervalu noted. On the date Claus assumes his new role, Ritchie Casteel will