SUPERVALU Completes Sale of 21 Farm Fresh Stores
04 May 2018 - 8:29AM
Business Wire
SUPERVALU (NYSE: SVU) today announced it has completed the
previously announced sales of 21 of its 38 Farm Fresh stores to
three different retailers: Harris Teeter, Kroger Mid-Atlantic
Division, and Food Lion.
“I appreciate the team’s work timely completing these
transactions,” said Mark Gross, SUPERVALU’s President and CEO.
“Every day we’re working to continue the rapid transformation of
our business, and the exit from our Farm Fresh banner is another
step forward in becoming the grocery supplier of choice for
retailers across the country.”
SUPERVALU is continuing to pursue the sale of several remaining
Farm Fresh stores to current and prospective wholesale customers.
For a complete list of the 21 stores sold to Harris Teeter, Kroger
Mid-Atlantic Division, and Food Lion, please read our original
press release issued on March 14, 2018.
ABOUT SUPERVALU
SUPERVALU INC. is one of the largest grocery wholesalers and
retailers in the U.S. with annual sales of approximately $14
billion. SUPERVALU serves customers across the United States
through a network of 3,437 stores composed of 3,323 wholesale
primary stores operated by customers serviced by SUPERVALU’s food
distribution business and 114 traditional retail grocery stores in
continuing operations operated under three retail banners in three
geographic regions (store counts as of February 24, 2018).
Headquartered in Minnesota, SUPERVALU has approximately 23,000
employees (in continuing operations). For more information about
SUPERVALU visit www.supervalu.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180503006799/en/
SUPERVALU INC.Investor
ContactSteve Bloomquist,
952-828-4144steve.j.bloomquist@supervalu.comorMedia ContactJeff Swanson,
952-903-1645jeffrey.s.swanson@supervalu.com
Supervalu (NYSE:SVU)
Historical Stock Chart
From Apr 2024 to May 2024
Supervalu (NYSE:SVU)
Historical Stock Chart
From May 2023 to May 2024
Real-Time news about Supervalu Inc. (delisted) (New York Stock Exchange): 0 recent articles
More Supervalu Inc. News Articles