COMPLIMENTARY
PRINT SUB

CLICK HERE

The-Produce-News-Logo-130

CURRENT ISSUE

view current print edition

PAST ISSUES

archives

 

 

 

 

Supervalu completes $43 million sale of 21 stores

Supervalu has completed the approximately $43 million cash sale of 21 of its 38 Farm Fresh stores to three different retailers: Harris Teeter, Kroger Mid-Atlantic Division and Food Lion.super

“I appreciate the team’s work timely completing these transactions,” said Mark Gross, Supervalu’s president and chief executive officer. “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. 

Ten stores were sold to Harris Teeter, including six in-store pharmacies and three fuel centers; eight stores were sold to Kroger Mid-Atlantic Division, including eight in-store pharmacies and four fuel centers; and three stores were sold to Food Lion, including three in-store pharmacies.