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Supervalu

UNFI sues Goldman Sachs and related parties

UNFI sues Goldman Sachs and related parties

PROVIDENCE, R.I. — United Natural Foods Inc. (UNFI) has filed a lawsuit against Goldman Sachs Group Inc. and others, alleging improper conduct by the financial advisors that were retained to advise the food wholesaler on its bid to acquire Supervalu Inc. The lawsuit, filed in the Supreme Court of the State of New York, seeks

UNFI completes acquisition of Supervalu

UNFI completes acquisition of Supervalu

PROVIDENCE, R.I. — United Natural Foods Inc. announced today it has completed its $2.9 billion acquisition of Supervalu Inc. “Today is an important milestone for UNFI,” Steve Spinner, chairman and chief executive officer of UNFI, said in a statement. “We will take the best from both businesses to create North America’s premier food wholesaler with

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 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,

FMI recognizes food retailers for service

FMI recognizes food retailers for service

MIAMI – On Monday morning the Food Marketing Institute presented two awards meant to recognize how the voice of food retailing can be a force in government advocacy and a champion in the communities grocers serve. “These legacy-makers leveraged their voices to shape a more prosperous future for our industry and the communities in which

Supervalu offers Instacart delivery at some locations

EDEN PRAIRIE, Minn. — Instacart, the technology-driven, nationwide on-demand grocery delivery service, and Supervalu Inc., one of the largest grocery wholesalers and retailers in the United States, have entered into an exclusive multiyear contract. Under the agreement, Supervalu has launched refreshed e-commerce sites Powered by Instacart for four of its retail banners — Cub, Farm

Supervalu promotes Anne Dament

Supervalu promotes Anne Dament

MINNEAPOLIS — Supervalu Inc. said Monday that it has promoted Anne Dament to executive vice president of retail, marketing and private brands. The move is one of three executive changes announced by the company. The company also said that Karla Robertson, executive vice president, general counsel and corporate secretary, will resign from her position, effective

Supervalu buys food distributor

MINNEAPOLIS — Supervalu Inc. has agreed to acquire Associated Grocers of Florida Inc. for $180 million. The purchase extends Supervalu’s operations in Florida and provides opportunities to bring its products and services to Associated Grocers’ diverse customer base in the Caribbean and other international markets. Additionally, Supervalu reached a long-term supply agreement with Associated Grocers’

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

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