MINNEAPOLIS--(BUSINESS WIRE)--SUPERVALU (NYSE: SVU) today announced it has completed the previously announced sales of 21 of its 38 Farm Fresh stores to three different retailers: Harris Teeter, Kroger Mid-Atlantic Division, and Food Lion.
“I appreciate the team’s work timely completing these transactions,” said Mark Gross, SUPERVALU’s President and CEO. “Every day we’re working to continue the rapid transformation of our business, and the exit from our Farm Fresh banner is another step forward in becoming the grocery supplier of choice for retailers across the country.”
SUPERVALU is continuing to pursue the sale of several remaining Farm Fresh stores to current and prospective wholesale customers. For a complete list of the 21 stores sold to Harris Teeter, Kroger Mid-Atlantic Division, and Food Lion, please read our original press release issued on March 14, 2018.
SUPERVALU INC. is one of the largest grocery wholesalers and retailers in the U.S. with annual sales of approximately $14 billion. SUPERVALU serves customers across the United States through a network of 3,437 stores composed of 3,323 wholesale primary stores operated by customers serviced by SUPERVALU’s food distribution business and 114 traditional retail grocery stores in continuing operations operated under three retail banners in three geographic regions (store counts as of February 24, 2018). Headquartered in Minnesota, SUPERVALU has approximately 23,000 employees (in continuing operations). For more information about SUPERVALU visit www.supervalu.com.