- Safeway begins exit of Chicago market
- Report: Jewel-Osco president Emmons to retire
- Supervalu commits to fixing retail banners, reports positive IDs for Save-A-Lot
- Albertsons to acquire Safeway in deal worth more than $9.1 billion to Safeway shareholders
- Two Supervalu board members, both with Cerberus, resign in wake of Safeway/Albertsons deal
NEW YORK — Several months after acquiring Supervalu, Cerberus Capital Management is reportedly interested in about a half-dozen grocery chains for potential bids, including Harris Teeter, according to a Wall Street Journal article.
A person familiar with the matter told the WSJ that Cerberus sees adding stores as a way to trim costs through additional scale while creating turnaround opportunities.
In March, AB Acquisition, which is an affiliate of Cerberus Capital Management, acquired from Supervalu the Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market stores and related Osco and Sav-on in-store pharmacy operations — a move that reunited all Albertsons stores under one operator.