US retailer Supervalu Inc has declined to comment on reports it is asking potential buyers to bid for the entire business.
The retailer last month kicked off a “strategic review” of its business, which could include a sale of the company, after another quarter of falling sales.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Supervalu, which has around 4,400 stores in the US, is looking at “strategic alternatives” to, it insisted, “create value for shareholders”.
It is understood several suitors have enquired about individual parts of the group, sources told Bloomberg.
Cerberus Capital Management is said to be examining a possible deal involving the retailer’s Albertsons unit, Bloomberg said, Ahold has shown interest in the Shoppers chain.
A spokesperson for Supervalu declined to comment on the report and said the retailer will not provide any updates on the strategic review until it has something to announce.
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 GlobalData
