- Supervalu commits to fixing retail banners, reports positive IDs for Save-A-Lot
- Two Supervalu board members, both with Cerberus, resign in wake of Safeway/Albertsons deal
- Albertsons to acquire Safeway in deal worth more than $9.1 billion to Safeway shareholders
- Walmart, Kroger identified as leading retailers in providing opportunity to diversity business owners
- Supervalu names Jerry Storch chairman, succeeds Robert Miller in that capacity
MINNEAPOLIS — Supervalu is having difficulty divesting its New-England-based Shaw’s chain for more than $1 billion, the Wall Street Journal reported Tuesday, and the Minnesota grocery conglomerate may be ready to take down its "for sale" sign.
According to the report, Shaw’s has been on the block for several months with no takers. Many bids from private-equity firms actually came in below the asking price.
The 174-store Shaw’s chain was part of the $11.4 billion Albertsons buyout package in 2006. Supervalu sold off 16 Connecticut-based Shaw’s locations in February to Wakefern.