MINNEAPOLIS--(BUSINESS WIRE)--May 3, 2018--
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.
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.
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Source: SUPERVALU INC.
Jeff Swanson, 952-903-1645