US retailer Supervalu Inc is reportedly moving toward a deal to sell two of its retail chains, Albertsons and Save-a-Lot, to private-equity group Cerberus Capital Management.
Last week, Supervalu confirmed it was in “active discussion with several parties” over potential disposals. The move follows a strategic review of the retailer’s operations.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The group reiterated today (6 December) there is “no assurance” the ongoing negotiations “will result in any transaction or any change in the company’s overall structure or its business model”.
A spokesperson for supermarket operator told just-food Supervalu has “nothing additional to add” at this stage.
Supervalu purchased the Albertsons chain of stores in 2006. At this time, Cerberus was part of a consortium of investors that purchased 600 Albertsons stores not taken on by Supervalu. The private-equity group still owns 200 of these locations.
While Cerberus is tipped as the front-runner for Save-a-Lot and Albertsons, US reports have also linked investment vehicle KKR to a bid for the discount chain.
Cerberus had purportedly made a move for the entire Supervalu business, but failed to find financing at attractive enough terms.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataCerberus was unavailable for comment at time of press.
