Supervalu to Sell Jewel-Osco Stores

Jewel's parent company reported a sales decline of 3 percent, to $27.9 billion, last year.

Jewel-Osco parent company Supervalu on Thursday announced it will sell the grocery store chain—along with its Albertsons, Acme, Shaw’s and Star Market chains—in a $3.3 billion deal.

According to the Chicago Tribune, Supervalu reported a loss of $1.04 billion for fiscal year 2012, including a $519 million operating loss, and a 3 percent sales decline, to $27.9 billion, last year.

The grocery stores, plus affiliated in-store Osco and Sav-On pharmacies, are being sold to a consortium of investors led by Cerberus Capital Management, according to the Minnesota-based Supervalu.

The deal, which includes $100 million in cash and $3.2 billion in debt, is expected to close this spring, according to the Chicago Tribune. The five grocery store chains will be acquired by Cerberus affiliate AB Acquisition, the paper reported.

After the sale, Sam Duncan will replace current CEO Wayne Sales. Supervalu will continue to own its wholesale grocery business, the Save-A-Lot discount chain and grocery chains, which include Cub, Shop N’ Save and Hornbacher’s.

“The transactions announced (Thursday) represent the successful culmination of the in-depth strategic review process we commenced this past summer,” outgoing CEO Sales said in a press release.

Jewel-Osco’s Elmhurst stores are located at 944 S. York and 153 E. Schiller.

Jim Court January 12, 2013 at 01:29 AM
Jewel does so very much to help to feed those in need that I feel a sense of commitment to them. Sure, I want a "deal" but I am cognizant that we seem to be in a race to the bottom. Cut workers pay and benefits and I guess you can deliver goods cheaper. I would hate to be in the ultra competitive grocery business. I shop at Schiller St. store I I really like the people there. Jewel also employs many special people who bag for us. Money is important to me but it is not everything.
Alan Brinkmeier January 13, 2013 at 09:26 PM
Everyone interested in learning about Mark Mulliner's vision for Elmhurst, read "Elmhurst Weekly". http://elmhurst.patch.com/blog_posts/elmhurst-weekly And, come hear Mark Mulliner in person Wed. night Jan. 16 from 5:30 pm to 7:30 pm at Nu Crepes, 115 W. Schiller Ct. http://www.facebook.com/events/115334935307940/ All the various municipal governments in Elmhurst need to work together. That means our City, our Parks, our Schools, along with organizations and institutions like Elmhurst College, Elmhurst Memorial Hospital, YMCA, Elmhurst Children's Theatre etc.... Since we are all in this together, working and planning together is a key. Alan Brinkmeier
JP January 13, 2013 at 10:38 PM
For a guy who should be running his own campaign for school board, Alan sure is alienating a lot of Gutenkauf and Morley supporters and voters. As the senior Alderman in Elmhurst, I'de love to hear about all of Mulliner's previous efforts to coordinate efforts between all of the various entities mentioned above. You would think if Mark felt so strongly about those things, Elmhurst would already be doing a lot of it. Or, maybe it's all just campaign rhetoric.
NotyourJennifer January 14, 2013 at 05:26 PM
Hopefully Whole Foods or Trader Joes will move in....
Joe O'Malley January 19, 2013 at 12:01 AM
Springfield based Try & Save has been rumored to move in if the evil corporate raiders decide that there is no ROI coming to Emhurst.


More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »