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SuperValu (SVU -2%) edges even closer to selling two of its grocery chains after negotiations...

  • Wednesday, December 5, 2012, 10:55 AM ET
    SuperValu (SVU -2%) edges even closer to selling two of its grocery chains after negotiations stalled with Cerberus Capital on taking over the whole firm, according to reports. KKR, TPG Capital, and Cerberus are three of the parties still in the running to pick away at SuperValu, with Albertsons and Save-A-Lot expected to be the first assets to go.
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This news story has 5 comments:

  •  
    Does that mean they are going to get out of the grocery business completely? What about their other chains?
    5 Dec 2012, 02:44 PM Reply Like
  •  
    What about their other chains? Are they getting out of grocery business completely or are they gonna keep some? What does that mean for those if they keep some?
    5 Dec 2012, 02:49 PM Reply Like
  •  
    I believe SVU's main business is wholesale groceries.
    5 Dec 2012, 03:52 PM Reply Like
  •  
    As a VERY disgruntled SuperValu warehouse lift operator......Seeing first hand the arrogance of our upper management.......Pushing a population of union workers with an average age of 50........to work harder than we had to do at age 21. Yes we even have a lift operator still working at 70 years of age. We are a population of repaired shoulders, replaced or mended knees, neck surgeries, wrist surgeries, fused spines, herniated discs. We are a population of workers given impossible equipment, delivery times, manpower shortages on shifts, and within the last year a telxon system that is only semi operable. Lower management has no answers and tries their best to come up with answers. All of this.....Baring in mind that we are all on a time standard that keeps getting tweaked to push push push. Our percentage is increased according to home offices requirements or our upper managements need to make our division look more enticing to future buyers. My guess is that they want to shine and the new owners of SuperValu will hopefully offer them a job. All the while the upper management whines about " we don't understand why our Comp. cases are so many" REALLY, REALLY Are you kidding me????? I am through venting about our one corner of the SuperValu world. However if all the divisions are run like ours, God help us all. SuperValu New Stanton, Pa. Pittsburgh Division
    6 Dec 2012, 06:04 AM Reply Like
  •  
    if they sell Albertsons
    Does the Albertson debt,which tanked them,go with it???
    6 Dec 2012, 07:26 AM Reply Like
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