American supermarket chain operators: Supervalu (SVU)-delisting (1871)

Super-price store SUPERVALU Inc. (NYSE:SVU) was founded in 1871 and is headquartered in Eden Prairie, Minnesota, with 29,000 full-time employees. It is the second largest supermarket chain operator and the fifth largest food retail company in the United States.

Update : SUPERVALU was acquired by United Natural Foods for USD 1.3 billion in July 2018 .

Supervalu SVU Logo

Supervalu (SVU):

SUPERVALU is the second largest supermarket chain operator in the United States and the fifth largest food retail company in the United States, in the United States ( after Kroger and Albertsons ), as well as the top 100 in the 2015 Fortune 500 list. The brands of the supermarket are Cub Foods, Shop’n Save, Shoppers Food & Pharmacy, bigg’s, etc.

SUPERVALU is divided into two departments to operate: Wholesale (wholesale), Retail (retail).

  1. Wholesale department : engaged in various food and non-food wholesale businesses. The department also provides various services such as retail store support, advertising, coupons, e-commerce, network and data hosting solutions, training and certification courses, and management back-end solutions. As of February 25, 2017, the department operated approximately 1,902 stores with a network covering 40 states.
  2. Retail department : operating retail stores, providing groceries and various additional products, including general merchandise, household, health and beauty care, and pharmacy products. As of February 25, 2017, the department operated 217 retail stores, brands including: Cub Foods, Shoppers Food & Pharmacy, Shop??n ​​Save, Farm Fresh, and Hornbacher??s, and 2 Rainbow stores.

Supervalu (SVU) history:

  • In 1870, Hugh G. Harrison founded BS Bull and Company, a wholesale work company in Minneapolis;
  • In 1926, the two companies established by BS Bull, Winston, Harper and Fisher, and Newell Company merged to form Winston and Newell Company, which was the immediate predecessor of SUPERVALU;
  • In 1952, the company changed its name to Supervalu Inc.;
  • In 1963, Supervalu acquired Food Marketing Corporation (formerly Bursley & Company) that was established in the early 1800s;
  • In 1967, Supervalu Inc. IPO listed on the New York Stock Exchange;
  • In 1971, Supervalu, Inc. acquired the discount chain ShopKo, and then split ShopKo into an independent listed company in 1991. Supervalu held 46% of the shares until 1997;
  • In 1975, Supervalu acquired Hornbacher’s;
  • In 1980, Supervalu acquired Cub Foods. By 2011, Cub had opened 73 stores;
  • In 1991, Supervalu acquired Scott’s Food & Pharmacy;
  • In 1992, acquired Wetterau, Inc. and its holding companies Shop’n Save and Save-A-Lot;
  • In 1992, the company name was simplified to SUPERVALU;
  • In 1994, Supervalu acquired bigg’s;
  • Next, the company split up Scotts & Biggs, in which Biggs was sold to Remke Markets and Scotts was sold to Kroger ;
  • Immediately afterwards, SuperValu acquired Richfood Holdings for US$1.5 billion, including its Farm Fresh Food & Pharmacy , Shoppers Food & Pharmacy, Metro, etc.;
  • On January 23, 2006, SuperValu announced that together with a group of investors led by CVS Corporation and Cerberus Group, it acquired Albertsons, Inc. for US$9.7 billion . The transaction was completed on June 2, 2006. This acquisition adds 2,150 stores to SuperValu, including:
    • Acme (134 companies) (sold to Cerberus)
    • Acme Express , Jewel Express , Albertsons Express (107 gas station)
    • Albertsons (564 stores) (sold to Cerberus)
    • Bristol Farms (15 stores) (sold out later)
    • Jewel and Jewel-Osco (198 stores sold to Cerberus)
    • Lazy Acres Market (1 store) (sold out later)
    • Max Foods (3 stores) (later changed to Lucky brand )
    • Osco Pharmacy and Sav-on Pharmacy (906 pharmacies) (independent operation, sold to CVS)
    • Save-A-Lot (2 stores)
    • Shaw’s (188 stores) (sold to Cerberus)
    • Star Market (20 stores) (sold to Cerberus)
  • In 2009, former Wal-Mart executive Craig Herkert took over as CEO of the company;
  • After SuperValu acquired Albertsons Inc., its New Albertsons Inc. operations did not go smoothly. The 1,100 stores at the time of the acquisition were less than 900 in 2013. On January 10, 2013, SuperValu announced the sale of New Albertsons Inc. (including Albertsons , ACME, Shaw’s/Star Market, and Jewel-Osco, etc.) to the private equity firm Cerberus Capital Management. The transaction was completed in March of the same year.

Supervalu (SVU) investment:

Update : SUPERVALU was acquired by United Natural Foods for USD 1.3 billion in July 2018 .

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