Associated Press

KTVB.COM

Posted on January 10, 2013 at 10:03 AM

Updated today at 10:09 AM

NEW YORK — Supervalu Inc. says it reached a deal to sell five of its
biggest grocery chains — Albertsons, Acme, Jewel-Osco, Shaw’s and Star
Market — for $100 million in cash and more than $3 billion in debt.

The sale to AB Acquisition, an investor group led by Cerberus Capital
Management, will include 877 stores. Cerberus will also offer to buy
up to 30 percent of the remaining Supervalu for $4 per share after the
deal closes.

The investor group will acquire the stores for $100 million in cash,
and the new company will assume $3.2 billion in existing debt.

Supervalu has struggled for years to turn around its business. The
broader supermarket industry has been facing growing competition from
big-box retailers such as Target, drug store chains and even dollar
stores. While bigger chains such as Kroger Co. have adapted by
tweaking store formats and building customer loyalty through discount
programs and improved offerings, Supervalu has scrambled to keep pace.

This summer, Supervalu fired its CEO and tapped Chairman Wayne Sales
to lead a turnaround. The company said at the time that it was
reviewing its options, such as putting itself up for sale.

Following the closing of the deal, Supervalu will consist of a food
wholesaler, Save-A-Lot, and regional chains Cub, Farm Fresh, Shoppers,
Shop ‘n Save and Hornbacher’s. The company, based in Eden Prairie,
Minn., is expected to generate annual revenue of more than $17
billion, down from $35 billion. Supervalu said it will continue to
work on cutting costs and fixing its business.

Supervalu said grocery retail veteran Sam Duncan will replace Sales
after the deal closes.

Its shares were up 15 percent at $3.51.

On 1/10/2013 1:29 PM, Janet Bostwick wrote:
>
>
> Associated Press
>
> KTVB.COM
>
> Posted on January 10, 2013 at 10:03 AM
>
> Updated today at 10:09 AM
>
> NEW YORK — Supervalu Inc. says it reached a deal to sell five of its
> biggest grocery chains — Albertsons, Acme, Jewel-Osco, Shaw’s and Star
> Market — for $100 million in cash and more than $3 billion in debt.

Should be interesting to see what happens with my local supermarket.
I hope it doesn't deteriorate.

nancy

On Thu, 10 Jan 2013 13:43:53 -0500, Nancy Young <replyto@inemail>
wrote:

>On 1/10/2013 1:29 PM, Janet Bostwick wrote:
>>
>>
>> Associated Press
>>
>> KTVB.COM
>>
>> Posted on January 10, 2013 at 10:03 AM
>>
>> Updated today at 10:09 AM
>>
>> NEW YORK — Supervalu Inc. says it reached a deal to sell five of its
>> biggest grocery chains — Albertsons, Acme, Jewel-Osco, Shaw’s and Star
>> Market — for $100 million in cash and more than $3 billion in debt.
>
>Should be interesting to see what happens with my local supermarket.
>I hope it doesn't deteriorate.
>
>nancy
I didn't see any assurances that some or all of them would continue
to exist.
Janet US

On Jan 10, 10:58*am, Janet Bostwick > wrote:
> On Thu, 10 Jan 2013 13:43:53 -0500, Nancy Young <replyto@inemail>
> wrote:
>
>
>
>
>
>
>
>
>
> >On 1/10/2013 1:29 PM, Janet Bostwick wrote:
>
> >> Associated Press
>
> >> KTVB.COM
>
> >> Posted on January 10, 2013 at 10:03 AM
>
> >> * Updated today at 10:09 AM
>
> >> NEW YORK — Supervalu Inc. says it reached a deal to sell five of its
> >> biggest grocery chains — Albertsons, Acme, Jewel-Osco, Shaw’s and Star
> >> Market — for $100 million in cash and more than $3 billion in debt.
>
> >Should be interesting to see what happens with my local supermarket.
> >I hope it doesn't deteriorate.
>
> >nancy
>
> *I didn't see any assurances that some or all of them would continue
> to exist.
> Janet US

I'd be surprised if Albertson's stays around- they seem to have the
highest prices around here.

On Jan 10, 11:22*am, merryb > wrote:
> On Jan 10, 10:58*am, Janet Bostwick > wrote:
>
>
>
>
>
>
>
>
>
> > On Thu, 10 Jan 2013 13:43:53 -0500, Nancy Young <replyto@inemail>
> > wrote:
>
> > >On 1/10/2013 1:29 PM, Janet Bostwick wrote:
>
> > >> Associated Press
>
> > >> KTVB.COM
>
> > >> Posted on January 10, 2013 at 10:03 AM
>
> > >> * Updated today at 10:09 AM
>
> > >> NEW YORK — Supervalu Inc. says it reached a deal to sell five of its
> > >> biggest grocery chains — Albertsons, Acme, Jewel-Osco, Shaw’s and Star
> > >> Market — for $100 million in cash and more than $3 billion in debt..
>
> > >Should be interesting to see what happens with my local supermarket.
> > >I hope it doesn't deteriorate.
>
> > >nancy
>
> > *I didn't see any assurances that some or all of them would continue
> > to exist.
> > Janet US
>
> I'd be surprised if Albertson's stays around- they seem to have the
> highest prices around here.

Same in my area. Cheaper to go to 7-11.

On Thursday, January 10, 2013 12:43:53 PM UTC-6, Nancy Young wrote:
> On 1/10/2013 1:29 PM, Janet Bostwick wrote:
>
> >
>
> >
>
> > Associated Press
>
> >
>
> > KTVB.COM
>
> >
>
> > Posted on January 10, 2013 at 10:03 AM
>
> >
>
> > Updated today at 10:09 AM
>
> >
>
> > NEW YORK -- Supervalu Inc. says it reached a deal to sell five of its
>
> > biggest grocery chains -- Albertsons, Acme, Jewel-Osco, Shaw's and Star
>
> > Market -- for $100 million in cash and more than $3 billion in debt.
>
>
>
> Should be interesting to see what happens with my local supermarket.
>
> I hope it doesn't deteriorate.
>
I was glad to see they were not selling Shop ' n Save. Some of SuperValu's private brands are ones I buy.
http://www.amazon.com/Java-Delight-G.../dp/B004LS7N6Q

What would really suck is if Shop 'n Save closed. I save A LOT of money by shopping there.
>
> nancy

--Bryan

On 1/10/2013 1:29 PM, Janet Bostwick wrote:
>
>
> Associated Press
>
> KTVB.COM
>
> Posted on January 10, 2013 at 10:03 AM
>
> Updated today at 10:09 AM
>
> NEW YORK — Supervalu Inc. says it reached a deal to sell five of its
> biggest grocery chains — Albertsons, Acme, Jewel-Osco, Shaw’s and Star
> Market — for $100 million in cash and more than $3 billion in debt.

I'd be ok with losing Shaw's/Star Market. I really dislike their stores.

There's another Wegman's coming my way, but it will be located in a
pricey neighborhood, so I am not holding my breath that it will have
reasonable prices.

Tracy

On Jan 10, 10:29*am, Janet Bostwick > wrote:
> Associated Press
>
> KTVB.COM
>
> Posted on January 10, 2013 at 10:03 AM
>
> *Updated today at 10:09 AM
>
> NEW YORK — Supervalu Inc. says it reached a deal to sell five of its
> biggest grocery chains — Albertsons, Acme, Jewel-Osco, Shaw’s and Star
> Market — for $100 million in cash and more than $3 billion in debt.
>
..
> Following the closing of the deal, Supervalu will consist of a food
> wholesaler, Save-A-Lot, and regional chains Cub, Farm Fresh, Shoppers,
> Shop ‘n Save and Hornbacher’s. The company, based in Eden Prairie,
> Minn., is expected to generate annual revenue of more than $17
> billion, down from $35 billion. Supervalu said it will continue to
> work on cutting costs and fixing its business.
>
> Supervalu said grocery retail veteran Sam Duncan will replace Sales
> after the deal closes.
>
> Its shares were up 15 percent at $3.51.

So Supervalu is keeping their local-to-them stores, and divesting
their far-flung stores.

I don't know if SoCal can support a mainstream chain like Albertson's
alongside Ralph's and Von's. I prefer Stater Bros. to all of them
where one exists.

On Thu, 10 Jan 2013 13:43:53 -0500, Nancy Young <replyto@inemail>
wrote:

> On 1/10/2013 1:29 PM, Janet Bostwick wrote:
> >
> >
> > Associated Press
> >
> > KTVB.COM
> >
> > Posted on January 10, 2013 at 10:03 AM
> >
> > Updated today at 10:09 AM
> >
> > NEW YORK — Supervalu Inc. says it reached a deal to sell five of its
> > biggest grocery chains — Albertsons, Acme, Jewel-Osco, Shaw’s and Star
> > Market — for $100 million in cash and more than $3 billion in debt.
>
> Should be interesting to see what happens with my local supermarket.
> I hope it doesn't deteriorate.
>
Ditto. I've seen too many go down hill and eventually disappear.
Locally, the latest one is Andronico's. I'm crossing my fingers, but
don't have much hope. I'll miss pretty displays like this
http://assets.bizjournals.com/story_...04*280.jpg?v=3

--
Food is an important part of a balanced diet.

"Janet Bostwick" > wrote in message
...
> On Thu, 10 Jan 2013 13:43:53 -0500, Nancy Young <replyto@inemail>
> wrote:
>
>>On 1/10/2013 1:29 PM, Janet Bostwick wrote:
>>>
>>>
>>> Associated Press
>>>
>>> KTVB.COM
>>>
>>> Posted on January 10, 2013 at 10:03 AM
>>>
>>> Updated today at 10:09 AM
>>>
>>> NEW YORK - Supervalu Inc. says it reached a deal to sell five of its
>>> biggest grocery chains - Albertsons, Acme, Jewel-Osco, Shaw's and Star
>>> Market - for $100 million in cash and more than $3 billion in debt.
>>
>>Should be interesting to see what happens with my local supermarket.
>>I hope it doesn't deteriorate.
>>
>>nancy
> I didn't see any assurances that some or all of them would continue
> to exist.
> Janet US

Well that would suck. Although Albertsons is not my favorite grocery store,
they are near my daughter's dance studio so that's where I got if I need
just a couple of things.

merryb wrote:
> On Jan 10, 10:58 am, Janet Bostwick > wrote:
>> On Thu, 10 Jan 2013 13:43:53 -0500, Nancy Young <replyto@inemail>
>> wrote:
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>> On 1/10/2013 1:29 PM, Janet Bostwick wrote:
>>
>>>> Associated Press
>>
>>>> KTVB.COM
>>
>>>> Posted on January 10, 2013 at 10:03 AM
>>
>>>> Updated today at 10:09 AM
>>
>>>> NEW YORK — Supervalu Inc. says it reached a deal to sell five of
>>>> its biggest grocery chains — Albertsons, Acme, Jewel-Osco, Shaw’s
>>>> and Star Market — for $100 million in cash and more than $3
>>>> billion in debt.
>>
>>> Should be interesting to see what happens with my local supermarket.
>>> I hope it doesn't deteriorate.
>>
>>> nancy
>>
>> I didn't see any assurances that some or all of them would continue
>> to exist.
>> Janet US
>
> I'd be surprised if Albertson's stays around- they seem to have the
> highest prices around here.

I think they have pretty good prices for most things.

merryb > wrote in news:2222f1d8-d6e4-4647-93ed-
:

> On Jan 10, 10:58*am, Janet Bostwick > wrote:
>> On Thu, 10 Jan 2013 13:43:53 -0500, Nancy Young <replyto@inemail>
>> wrote:
>>
>>
>>
>>
>>
>>
>>
>>
>>
>> >On 1/10/2013 1:29 PM, Janet Bostwick wrote:
>>
>> >> Associated Press
>>
>> >> KTVB.COM
>>
>> >> Posted on January 10, 2013 at 10:03 AM
>>
>> >> * Updated today at 10:09 AM
>>
>> >> NEW YORK — Supervalu Inc. says it reached a deal to sell five of
its
>> >> biggest grocery chains — Albertsons, Acme, Jewel-Osco, Shaw’s and
> Star
>> >> Market — for $100 million in cash and more than $3 billion in debt.
>>
>> >Should be interesting to see what happens with my local supermarket.
>> >I hope it doesn't deteriorate.
>>
>> >nancy
>>
>> *I didn't see any assurances that some or all of them would continue
>> to exist.
>> Janet US
>
> I'd be surprised if Albertson's stays around- they seem to have the
> highest prices around here.

And here. I only go there when I can't find what I want in the other
markets. I will admit they have a wide selection.

--
"Where there's smoke there's toast!" Anon

On Jan 10, 3:06*pm, "Julie Bove" > wrote:
> merryb wrote:
> > On Jan 10, 10:58 am, Janet Bostwick > wrote:
> >> On Thu, 10 Jan 2013 13:43:53 -0500, Nancy Young <replyto@inemail>
> >> wrote:
>
> >>> On 1/10/2013 1:29 PM, Janet Bostwick wrote:
>
> >>>> Associated Press
>
> >>>> KTVB.COM
>
> >>>> Posted on January 10, 2013 at 10:03 AM
>
> >>>> Updated today at 10:09 AM
>
> >>>> NEW YORK — Supervalu Inc. says it reached a deal to sell five of
> >>>> its biggest grocery chains — Albertsons, Acme, Jewel-Osco, Shaw’s
> >>>> and Star Market — for $100 million in cash and more than $3
> >>>> billion in debt.
>
> >>> Should be interesting to see what happens with my local supermarket.
> >>> I hope it doesn't deteriorate.
>
> >>> nancy
>
> >> I didn't see any assurances that some or all of them would continue
> >> to exist.
> >> Janet US
>
> > I'd be surprised if Albertson's stays around- they seem to have the
> > highest prices around here.
>
> I think they have pretty good prices for most things.

I remember planning to buy some sliced smoked turkey for the kid's
lunch, and the package was well over 5 bucks for 6 oz. I would not
call that a good price!

On Jan 10, 8:26*pm, The Other Guy > wrote:
> On Thu, 10 Jan 2013 17:39:02 -0700, Christine Dabney
>
> > wrote:
> >On Thu, 10 Jan 2013 13:05:04 -0800 (PST), spamtrap1888
> > wrote:
>
> >>I don't know if SoCal can support a mainstream chain like Albertson's
> >>alongside Ralph's and Von's. I prefer Stater Bros. to all of them
> >>where one exists.
>
> >Albertsons already exists in southern Cal. *At least it did a year
> >ago.
>
> Still does. *In fact, they built a new store here in San Diego just
> over a year ago. *Very nice and clean, and prices are as good on
> average as Vons, while Ralphs LOST their store that was close to
> me, and have raises prices on many things.
>

So may be Von's and Albertson's will survive.

On Jan 10, 4:39*pm, Christine Dabney > wrote:
> On Thu, 10 Jan 2013 13:05:04 -0800 (PST), spamtrap1888
>
> > wrote:
> >I don't know if SoCal can support a mainstream chain like Albertson's
> >alongside Ralph's and Von's. I prefer Stater Bros. to all of them
> >where one exists.
>
> Albertsons already exists in southern Cal. *At least it did a year
> ago.
>

I deduce Albertson's was not making money because Supervalu chose to
sell them off. I don't know any metro area where three old-style
mainstream chains compete and survive. I expect one to go, and was
thinking that one would be Albertson's.

In news:rec.food.cooking, merryb > posted on Thu, 10 Jan
2013 11:22:58 -0800 (PST) the following:

> I'd be surprised if Albertson's stays around- they seem to have the
> highest prices around here.

The Albertson's stores I've been into have a much better variety of
selections than places like Walmart and Target. Go to Walmart and you see
25 facings of the same product. Go to Albertson's and in the same space,
you'll see 3-4 facings of six or seven different products. I like that,
but there are no Albertson's stores that are convienient to shop. The
closest one is about 35-40 miles away.

Damaeus

>>>
>>
>> Albertsons already exists in southern Cal. *At least it did a year
>> ago.
>>
>
Albertsons acquisition
On November 27, 2006, Save Mart announced an agreement to acquire 132
Albertsons LLC stores in Northern California and Northern Nevada. Save
Mart officially began operating the new stores in late February 2007,
and the acquired stores will gradually be re-branded over the course of
nine months.[3]Those in the Bay Area are being rebranded Lucky, whereas
the rest are being opened under the Save Mart banner.
http://en.wikipedia.org/wiki/SaveMart

On Sun, 13 Jan 2013 11:34:50 -0800, Turo > wrote:
> >>
> >
> Albertsons acquisition
> On November 27, 2006, Save Mart announced an agreement to acquire 132
> Albertsons LLC stores in Northern California and Northern Nevada. Save
> Mart officially began operating the new stores in late February 2007,
> and the acquired stores will gradually be re-branded over the course of
> nine months.[3]Those in the Bay Area are being rebranded Lucky, whereas
> the rest are being opened under the Save Mart banner.
> http://en.wikipedia.org/wiki/SaveMart

They found out the hard way that people in the Bay Area didn't like
Albertson's. Customers returned after they changed the name, prices
and merchandise back to how Lucky did it previously.

--
Food is an important part of a balanced diet.

On 2013-01-10 18:29:14 +0000, Janet Bostwick said:

> Associated Press
>
> KTVB.COM
>
> Posted on January 10, 2013 at 10:03 AM
>
> Updated today at 10:09 AM
>
> NEW YORK — Supervalu Inc. says it reached a deal to sell five of its
> biggest grocery chains — Albertsons, Acme, Jewel-Osco, Shaw’s and Star
> Market — for $100 million in cash and more than $3 billion in debt.
>
> The sale to AB Acquisition, an investor group led by Cerberus Capital
> Management, will include 877 stores. Cerberus will also offer to buy
> up to 30 percent of the remaining Supervalu for $4 per share after the
> deal closes.
>
> The investor group will acquire the stores for $100 million in cash,
> and the new company will assume $3.2 billion in existing debt.
>
> Supervalu has struggled for years to turn around its business. The
> broader supermarket industry has been facing growing competition from
> big-box retailers such as Target, drug store chains and even dollar
> stores. While bigger chains such as Kroger Co. have adapted by
> tweaking store formats and building customer loyalty through discount
> programs and improved offerings, Supervalu has scrambled to keep pace.
>
> This summer, Supervalu fired its CEO and tapped Chairman Wayne Sales
> to lead a turnaround. The company said at the time that it was
> reviewing its options, such as putting itself up for sale.
>
> Following the closing of the deal, Supervalu will consist of a food
> wholesaler, Save-A-Lot, and regional chains Cub, Farm Fresh, Shoppers,
> Shop ‘n Save and Hornbacher’s. The company, based in Eden Prairie,
> Minn., is expected to generate annual revenue of more than $17
> billion, down from $35 billion. Supervalu said it will continue to
> work on cutting costs and fixing its business.
>
> Supervalu said grocery retail veteran Sam Duncan will replace Sales
> after the deal closes.
>
> Its shares were up 15 percent at $3.51.

I knew the Chinese would eventually buy up our supermarkets. I knew it!