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Items Tagged with 'Supervalu'
Supervalu is rebranding all of its banners and will continue its focus on private labels in those banners.
Supervalu CEO Sam Duncan talked with analysts this week about the success the company’s flagship private label line has shown, then took time to discuss a major opportunity for the company’s remaining retail banners – fresh foods.
On a conference call with analysts this week Supervalu CEO Sam Duncan said that Save-A-Lot had gotten away from its roots in the past couple of years, and that his plan was to return the company to its private label roots.
Supervalu has completed the sale of its Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market stores to AB Acquisition LLC, an affiliate of a Cerberus Capital Management.
Supervalu announced in January that it was selling five of its banners – Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market – to AB Acquisition LLC, an affiliate of private equity firm Cerberus Capital Management LP.
Paper products are the fourth-largest category in private label by dollar volume, and fifth by unit volume, according to Nielsen records compiled for the 2012 PLMA Private Label Yearbook.
Supervalu announced this week that it will make executive changes leading up to the sale of five of its banners to Cerberus Capital Management, including a new leader of its private brand division.
As he discussed the sale of five retail banners with analysts Thursday, Supervalu CEO Wayne Sales took time to discuss why the company felt the deal was good for all parties. And the first thing that he mentioned was the ability for both Cerberus Capital Management – the group buying the banners – and Supervalu to invest in their brands.
Supervalu announced Thursday that it was selling five of its banners -- Albertsons, Acme, Jewel-Osco, Shaw's and Star Market -- to AB Acquisition LLC, an affiliate of private equity firm Cerberus Capital Management LP.
As retailers search for differentiation, buyers look outside their own countries to new markets for products. Markets such as Peru.