Eden Prairie's Supervalu Sells Save-A-Lot Chain For $1.37BSupervalu says it is selling its Save-A-Lot supermarket chain for $1.37 billion to Canadian private equity firm Onex Corp. The deal is expected to close before the end of January.
SuperValu Announces Transition To 100 Percent Cage-Free EggsMinnesota-based retailing company SuperValu will begin transitioning to selling 100 percent cage-free eggs – but it will take a while.
Report: Grated Cheese Contains 8.8 Percent CelluloseWhen it comes to cheese, it's common practice for food companies to use a small amount of cellulose to keep grated parmesan from clumping. 2 to 4 percent is considered acceptable in the industry.
SuperValu Reports 3Q Net Income Of $34MSuperValu Inc. on Wednesday reported fiscal third-quarter net income of $34 million. On a per-share basis, the Eden Prairie, Minnesota-based company said it had profit of 13 cents.
Report: Nicollet Ave. Getting Closer To Reopening At Lake StreetCity officials in Minneapolis are making progress in an effort to extend Nicollet Mall on the city’s south side, where it’s interrupted at a busy intersection by a Kmart with a large parking lot.
SuperValu May Spin Off Save-A-Lot Into Separate CompanySuperValu says it is considering spinning off its discount grocer Save-A-Lot into a separate publicly traded company as competition in the industry intensifies.
SuperValu May Spin Off Save-A-Lot Into Separate CompanySuperValu says it is considering spinning off its discount grocer Save-A-Lot into a separate publicly traded company as competition in the industry intensifies. The company says the split will help each company focus on finding ways to grow.
SuperValu Beats 4Q Profit ForecastsSuperValu Inc. (SVU) on Tuesday reported fiscal fourth-quarter profit of $39 million. The Eden Prairie, Minnesota-based company said it had profit of 14 cents per share. Earnings, adjusted for one-time gains and costs, came to 24 cents per share.
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Supervalu: Hackers Stole Credit Card Data From Cub FoodsCard data of Supervalu and Albertsons shoppers may be at risk in another hack, the two supermarket companies said Monday.
'The Nerdery' Hosts Cyber-Security Conference In BloomingtonIt's estimated that more than a 1,000 U.S. businesses have been hit by a cyber attack -- and don't even know it. That's according to the U.S. Secret Service. Such attacks that have hit Target and Supervalu were the inspiration behind a security conference in Bloomington Saturday.
Supervalu: Hackers Accessed Network That Processes Card Payments Another Minnesota-based company is trying to figure out how it fell victim to hackers. Supervalu, which owns Cub Foods stores across Minnesota, said hackers accessed a part of its computer network that processes payment card transactions.