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Mark Gross

Supervalu to be purchased by United Natural Foods

Supervalu to be purchased by United Natural Foods

PROVIDENCE, R.I. — United Natural Foods Inc. has agreed to acquire Minneapolis-based wholesaler and retailer Supervalu Inc. The deal is valued at about $2.9 billion, including the assumption of outstanding debt and liabilities. UNFI says the transaction represents an opportunity to diversify its customer base and expand its market reach and scale. The company said

Supervalu tabs ex-Target SVP to lead retail merchandising

Supervalu tabs ex-Target SVP to lead retail merchandising

MINNEAPOLIS — Supervalu Inc. has named Anne Dament as senior vice president of retail, merchandising and marketing. The supermarket wholesaler and retailer said Wednesday that Dament will lead retail banner operations and oversee retail merchandising and marketing. She will report to Mark Gross, Supervalu’s president and chief executive officer. A 25-year retail veteran who began

Supervalu sells Save-A-Lot chain

Supervalu sells Save-A-Lot chain

MINNEAPOLIS — Supervalu Inc. has agreed to sell its Save-A-Lot hard discount grocery chain to private equity firm Onex Corp. for $1.365 billion in cash. The deal comes more than year after Supervalu announced that it was exploring options for a separation of the Save-A-Lot business, including a possible spin-off into a stand-alone, publicly traded

Delhaize, Ahold to divest 86 U.S. stores

Delhaize, Ahold to divest 86 U.S. stores

BRUSSELS — The U.S. subsidiaries of Delhaize Group and Ahold NV have reached agreements with buyers to divest 86 stores in connection with the companies’ pending merger. Delhaize and Ahold said Thursday that all of the store divestitures — which includes locations from both companies’ U.S. supermarket chains — must be approved by the Federal