Content about Shaw's and Star Market

March 21, 2013
Supervalu completes sale of five chains to Cerberus-led investor group

Supervalu announced the completion of the sale of its Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market stores and related Osco and Sav-on in-store pharmacies to AB Acquisition LLC, an affiliate of a Cerberus Capital Management-led investor consortium.

New York -- Supervalu on Thursday announced the completion of the sale of its Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market stores and related Osco and Sav-on in-store pharmacies to AB Acquisition LLC, an affiliate of a Cerberus Capital Management-led investor consortium. The stock deal is valued at $3.3 billion, including $100 million in cash and $3.2 billion in debt assumption.

January 10, 2013
Supervalu in deal with private-investor group led by Cerberus

Supervalu Inc. announced that it has reached a deal to sell its Albertsons, Acme, Jewel-Osco, Shaw's and Star Market stores and related Osco and Sav-on in-store pharmacies to a private equity group in a transaction valued at $3.3 billion.

Minneapolis -- Supervalu Inc. announced Thursday that it has reached a deal to sell its Albertsons, Acme, Jewel-Osco, Shaw's and Star Market stores and related Osco and Sav-on in-store pharmacies to a private equity group in a transaction valued at $3.3 billion.

AB Acquisition, a consortium of investors led by Cerberus Capital Management, will get 877 stores across the various banners in the deal. The investor group also includes Kimco Realty Corp., Klaff Realty LP, Lubert-Adler Partners and Schottenstein Real Estate Group.

November 6, 2012
Supervalu cuts 700 jobs at Shaw's

Supervalu said it has cut about 700 store-level positions at the company’s Shaw's and Star Market stores in New England.

West Bridgewater, Mass. -- Supervalu said Monday it has cut about 700 store-level positions at the company’s Shaw's and Star Market stores in New England.

November 2, 2012
Supervalu cutting 700 positions at New England subsidiaries

Supervalu Inc. is cutting 700 positions at its Shaw’s and Star Market divisions in New England.

New York -- Supervalu Inc. is cutting 700 positions at its Shaw’s and Star Market divisions in New England.

The company said Friday that the job cuts will take place in 169 Shaw's and Star Market stores.