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Supervalu Inc.

Supervalu to sell Hornbacher’s chain to Corborn’s Inc.

Supervalu to sell Hornbacher’s chain to Corborn’s Inc.

PROVIDENCE, R.I. — Supervalu Inc., now a subsidiary of United Natural Foods Inc., plans to sell its Hornbacher’s chain to Coborn’s Inc. The deal, announced by UNFI on Friday, includes seven Hornbacher’s locations, as well as a new Hornbacher’s store that is currently under development in West Fargo, N.D. Hornbacher’s remaining store, located in Grand

Supervalu sets stage for realignment

MINNEAPOLIS — Supervalu Inc. said it is proposing a plan to transform itself into a holding company. According to a preliminary proxy statement/prospectus filed with the Securities and Exchange Commission, the change in corporate structure would further separate Supervalu’s wholesale and retail operations “in an operationally efficient and strategic manner.” It would also facilitate the

Supervalu seeks to become a holding company

Supervalu seeks to become a holding company

MINNEAPOLIS — Supervalu Inc. on Tuesday said it was proposing a plan to tranform itself into a holding company. The change in corporate structure would help enable the company’s strategic transformation, according to Supervalu proposal, which was outlined in a preliminary proxy statement/prospectus filed with the U.S. Securities and Exchange Commission. According to the proposal,

Farm Fresh stores sold by Supervalu

MINNEAPOLIS — Supervalu Inc. is selling 21 of its 38 Farm Fresh Food & Pharmacy stores and is considering selling the rest. According to the terms of deal, the 21 Farm Fresh stores are fetching $43 million from three different retailers — Harris Teeter Inc., Kroger Mid-Atlantic Division and Food Lion. “Over the past two

Woseth becomes CFO at Supervalu

MINNEAPOLIS — Supervalu Inc. has promoted Rob Woseth to executive vice president and chief financial officer. Woseth, who has held the position of executive vice president and chief strategy officer at the grocery retailer since March 2013, has also served as the company’s interim CFO since July 2017. As CFO, Woseth will lead Supervalu’s finance

Merchandising operations are streamlined at Supervalu

MINNEAPOLIS — Supervalu Inc. has consolidated the merchandising staff for three of its retail divisions, eliminating 21 positions, and shuffled some managerial roles. Responsibility for all merchandising for Supervalu’s Farm Fresh, Shoppers and Shop ’n Save East divisions has been shifted to the merchandising department at Shoppers, based in Bowie, Md. As a result, 21

Supervalu to acquire Unified Grocers

Supervalu to acquire Unified Grocers

MINNEAPOLIS, Minn.  — Supervalu Inc. has agreed to acquire Unified Grocers, a retailer-owned wholesale grocery distributor that supplies independent retailers throughout the western United States. The $375 million deal (including about $114 million in cash and the assumption of Unified Grocers’ debt) will bring together two highly complementary grocery wholesale organizations with combined sales of

Dament returns to Supervalu

EDEN PRAIRIE, Minn. — Supervalu Inc. announced January 18 it had hired former Target Corp. executive Anne Dament as senior vice president of retail merchandising and marketing, effective immediately. Dament will lead Supervalu’s retail banner operations and oversee merchandising and marketing. She reports to president and chief executive officer Mark Gross. “I’m thrilled that Anne

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

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