Highlights
A collection of news and information related to Supervalu Inc. published by this site and its partners.
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Tesco to pull out of U.S. and sell Fresh & Easy markets
The British are leaving. Five years after launching the Fresh & Easy grocery chain in the U.S., Tesco of England is abandoning its nearly $2-billion gamble. Once called "foolhardy" by investment guru Warren Buffett, the ambitious experiment joins a...
Tags: Warren Buffett, Berkshire Hathaway Inc., Food Industry, Consumer Goods Industries, Dollar General Corporation
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Supervalu cuts 1,100 jobs after Albertsons sale
Supermarket company Supervalu is eliminating 1,100 positions nationwide, or about 3% of its workforce, as it whittles down its store network. The move, announced Tuesday, comes just days after Supervalu finalized the $100-million sale of five of its...
Tags: Career and Workplace, Employees
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Supervalu sells grocery chains, including Albertsons, to Cerberus
Supervalu Inc. is selling five of its top supermarket chains — Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market — to an investor group owned by Cerberus Capital Management for $100 million in cash. Cerberus’ AB Acquisition...
Tags: Adam Lanza, Sandy Hook Elementary School Shooting
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'Pink slime's' Beef Products Inc.: Hard knock for a good company?
Beef Products Inc. told the Associated Press on Monday that it’ll shut down operations at three of the four plants where it makes the meat product that critics have nastily taken to calling “pink slime.” But some food industry experts...
Tags: Boneless Lean Beef Trimmings, Food Industry, Consumer Goods Industries, Economy, Business and Finance, Companies and Corporations
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Bristol Farms grocery chain sold
Daily DishStruggling against mounting pressure from big-box food retailers, grocery chain Supervalu Inc. has sold off its Bristol Farms stores to a team of local management and a West Coast investment firm. Bristol Farms, based in Carson, operates mostly in Los....... -
Upscale grocery chain Bristol Farms sold to own management team, investment firm
Money & CompanyThe Bristol Farms management team, in partnership with investment firm Endeavor Capital, announced Friday that it purchased the grocery chain from parent company Supervalu Inc. Details of the deal were not disclosed. Executives at the company could not be... -
In grocers' antitrust fight, federal appellate court orders a rehearing of earlier appeals decision
Money & CompanyA U.S. appellate court has tossed out a previous ruling and ordered that the appeal of an antitrust lawsuit brought by the state of California against three major grocery chains be reheard. The 9th Circuit Court of Appeals issued its...... -
Festival Foods expands to Kenosha
The Post-Crescent, Appleton, Wis.Skogen's Festival Foods will purchase Spiegelhoff's Supervalu in Kenosha and take over the store's operations on June 11, Skogen's announced today. Mark Skogen, company president and CEO, said the acquisition is a good expansion opportunity....Tags: Career and Workplace, Employees, Festive Events, Arts and Culture
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BRIEF: Farm Fresh parent company reports wider loss
The Virginian-PilotSupervalu Inc., parent of Virginia Beach-based Farm Fresh, said Wednesday it lost $1.4 billion in its fiscal fourth quarter ending Feb. 23, compared with a loss of $424 million in the year-earlier period. It said, however, that most of the recent losses... -
Investors like what they hear from new Supervalu CEO
Star TribuneNew Supervalu Inc. Chief Executive Sam Duncan's first public pronouncements included yet more unpleasant news about the embattled company's recent past, but investors bought into his vision for the future. Supervalu's shares soared 12 percent, or 65...Tags: Hardware, Services and Shopping, Quarterly or Semiannual Financial Statements, Tools and Hardware, Corporate Officers
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BRIEF: Supervalu loses $1.4B, misses Wall Street expectations
Star TribuneSupervalu reported a loss of $1.4 billion, or $6.65 per share, for the fourth quarter ended Feb. 23, more than three times the year-ago loss. The company reported an adjusted loss of 14 cents a share, far below the profit of 18 cents that Wall Street...Tags: Quarterly or Semiannual Financial Statements
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Man Arrested For Taking Too Many Free Samples
Is gluttony against the law? A 68-year-old Minnesota man who was arrested for taking too many free samples from a supermarket has filed a civil rights lawsuit. Retiree Erwin Lingitz says the 2010 arrest violated his civil rights. Responding to the suit,...
Tags: Crime, Law and Justice, Justice System, Police Arrests, Judges, Civil Rights
Apr 17, 2013
|Story| Los Angeles Times
Mar 26, 2013
|Story| Los Angeles Times
Jan 10, 2013
|Story| Los Angeles Times
Mar 26, 2012
|Story| Los Angeles Times
Oct 30, 2010
| Los Angeles Times
Oct 29, 2010
| Los Angeles Times
Feb 11, 2011
| Los Angeles Times
May 9, 2013
|Story| McClatchy-Tribune
Apr 25, 2013
|Story| McClatchy-Tribune
Apr 25, 2013
|Story| McClatchy-Tribune
Apr 24, 2013
|Story| McClatchy-Tribune
Apr 19, 2013
|Story| WSBT Radio
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