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SuperValu retained a 46% interest in the new company, which Shopko later purchased in 1997. SuperValu founded the clothing store County Seat in 1973 and sold it to Carson Pirie Scott in 1983. In 1975, SuperValu acquired Hornbacher's. [7] In 1980, the company acquired Minnesota-based Cub Foods, which operated five stores in the Twin Cities area.
Albertsons Companies, Inc. [1] [2] is an American grocery company founded and headquartered in Boise, Idaho. With 2,253 stores as of the third quarter of fiscal year 2020 and 270,000 employees as of fiscal year 2019, [3] [8] [6] the company is the second-largest supermarket chain in North America after Kroger.
In 2013, Cerberus Capital Management acquired the Albertsons stores from SuperValu, including the Lucky stores under Albertsons control. [citation needed] In 2018, Lucky entered Utah when two stores in Salt Lake City and West Valley City under Albertsons' no-frills and soon-to-be defunct Super Saver banner were converted to Lucky. [citation needed]
MINNEAPOLIS--(BUSINESS WIRE)-- SUPERVALU Inc. (NYS: SVU) today announced it completed the sale of its Albertsons, Acme, Jewel-Osco, Shaw's and Star Market stores and related Osco and Sav-on in ...
This morning, SUPERVALU announced that it has reached a definitive agreement to sell five retail grocery chains with 877 stores to an investor consortium led by private equity buyer Cerberus. The ...
Supervalu operates a variety of grocery chains across the U.S., including Albertsons, Jewel-Osco, Shaw's and Save-A-Lot. (Peers Kroger ( KR ) and Safeway ( SWY ) are also publicly traded.)
The SuperValu owned Albertsons stores and the chains it acquired were in turn sold to Cerberus in 2013 and Osco and Sav-On pharmacies moved their operations to the base of Albertsons LLC in Boise, Idaho. Certain store support functions exist in the Franklin Park, Illinois, office.
At the closing of the transaction, Robert Miller, current president and CEO of Albertsons LLC, will become SUPERVALU's non-executive chairman. "Sam is a talented and respected executive with a ...
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