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Did UNFI Buy SUPERVALU?
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On July 26, 2018, SuperValu announced that it had agreed to be purchased by Providence, RI-based United Natural Foods Inc., the largest distributor to Whole Foods Market and other natural foods stores. UNFI would pay $1.3 billion in cash and assume another $1.6 billion in SuperValu debt and liabilities.
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As the shock waves of United Natural Foods Inc.s acquisition of Supervalu die down, the big question is what the repercussions of such a momentous deal will be for the grocery industry. To find out, Progressive Grocer spoke to some seasoned observers of the retail scene.
There are transformational implications on UNFI buying Supervalu, asserted Burt Flickinger III, managing director of New York-based Strategic Resource Group, who notes that this deal would not have happened nearly this quickly and well without the great, highly comprehensive 360-degree work of Jason Aintabi at [alternative investment management fir...
First off, naturally, everyones wondering what will become of Supervalus remaining supermarket locations, now that Providence, R.I.-based UNFI has revealed plans over time to divest Supervalu retail assets in a thoughtful and economic manner. Minneapolis-based Supervalu has already divested itself of its Farm Fresh banner, and the company noted in...
Flickinger offered a couple of data-backed predictions: Based on our Strategic Resource Group site research and consumer and competitive and geo-demographic and geo-economic analyses of all five of the Supervalu corporate chain stores markets, Supervalu had great legacy stores/locations that are very attractive to sell some to Whole Foods-Amazon an...
As the economy deteriorated after the 2008 recession and as competition in the grocery world intensified, Supervalu increasingly fell behind, losing market share. With its large debt, it lacked...
Jan 18, 2019 · Providence, R.I.-based UNFI announced the $2.9 billion Supervalu acquisition in late July and closed the deal in late October. For the natural/organic distributor, the purchase of Supervalu...
- Russell Redman
Jun 6, 2019 · United Natural Foods Inc. Spinner opened the call by announcing that UNFI is now one nationwide company, following last year’s acquisition of Supervalu. The company now refers to financial...
Jun 1, 2023 · The Supreme Court has unanimously revived whistleblower lawsuits claiming that supermarket and pharmacy chains SuperValu and Safeway overcharged government health-care programs for prescription drugs by hundreds of millions of dollars.
Jan 16, 2013 · As for the banners being sold, Supervalu said AB Acquisition-owned Albertson’s LLC will reunite its stores with the Albertsons stores purchased from Supervalu. And if history is any judge, the new owner will make plenty of cuts to turn around the acquired banners, Wisner said.
