US grocery operator Supervalu Inc announced today (29 October) that it will sell its Bristol Farms division to a company formed by the Bristol Farms management team and Endeavour Capital.
Under the terms of the sale, the Californian unit’s 14 outlets will change ownership today, but will continue to operate under the Bristol Farms banner and the “existing management and associate base will continue to serve customers without disruption,” the company said.
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“Supervalu continuously evaluates its operations to identify opportunities to strengthen its overall business and, when necessary, makes decisions that involve the sale of some locations,” said Supervalu senior vice president of speciality retail Brian Huff.
The value of the deal was not disclosed.
