A sale of Supervalu to private-equity firm Cerberus Capital Management could lead to a break-up of the US retailer, sources have told Reuters. Buyout firm Cerberus is reported to be preparing a takeover bid for Supervalu, with an eye ...
Tags: Supervalu, takeover bid, Buyout, falling sales
Under-pressure US retailer Supervalu Inc today (30 July) announced CEO Craig Herkert has left the company. Supervalu, which is battling to revitalise its business after three years of falling gross profit and identical-store sales, said ...
Tags: Supervalu, Craig Herkert, falling gross profit, falling sales
US retailer Supervalu Inc has appointed Bill Parker as interim president of its Farm Fresh food and pharmacy banner. Parker will take the helm of the 43-store division on 15 September, replacing Gaelo de la Fuente who is leaving the ...
Tags: Supervalu, Bill Parker, interim president, Farm Fresh food
US retailer Supervalu Inc has kicked off a "strategic review" of its business, which could include a sale of the company, after another quarter of falling sales. Supervalu, which has around 4,400 stores in the US, is looking at "strategic ...
Tags: Supervalu, strategic review, falling sales, sale of the company
US retailer Safeway Inc has joined the recall of ground beef products supplied by XL Foods over fears that it could be contaminated with e-coli. Ground beef sold at the self-service meat counter and full-service meet cooler at Safeway ...
Tags: Safeway Inc, recall, ground beef products, food safety
Irish grocery sales fell 0.9% in the 12 weeks to 5 August, according to the latest data from Kantar Worldpanel. The decline was not as steep as the 1.3% slide in the 12 weeks to 8 July but again demonstrated the pressure consumers in ...
Tags: grocery sales, latest data, Kantar Worldpanel, Kantar, Tesco, SuperValu
Supervalu Inc has announced a number of executive leadership changes as new CEO Wayne Sales bids to turn around the US retailer. The retailer has given executive VP for retail operations Kevin Holt the newly-created position of president ...
Tags: Supervalu CEO, executive changes, Wayne Sales bids, US retailer
US retailer Safeway Inc has joined the recall of ground beef products supplied by XL Foods over fears that it could be contaminated with e-coli. Ground beef sold at the self-service meat counter and full-service meet cooler at Safeway ...
Tags: beef products, e-coli, Ground beef
Grocery sales in Ireland remain under pressure, with the decline in sales accelerating, data from Kantar Worldpanel has shown. Sales fell 0.5% in the 12 weeks to 10 June, figures released yesterday (25 June) said. Last month, Kantar said ...
Tags: Grocery Sales, sales rise, Dunnes sales
Takeover talks between private-equity firm Cerberus Capital Management and US retailer Supervalu Inc are reportedly continuing despite rumours discussions had stalled. Negotiations between Supervalu and Cerberus were held this weekend, ...
Tags: takeover talks, retailer, Supervalu Inc, Cerberus Capital Management
US-based Stoneridge Creamery has unveiled two ice cream flavors-Cinnamon Snickerdoodle and Peppermint Cookies'n Cream. The company noted that the two new flavors are available at Supervalu retail outlets and grocery stores served through ...
Tags: ice cream, Cinnamon Snickerdoodle, Peppermint Cookies'n Cream
Ireland's grocery sales have increased in the last three months,Kantar Worldpanel has revealed,although the analyst firm remains cautious about the sector's prospects. Sales inched up 0.1%in the 12 weeks to 28 October,Kantar said today(12 ...
The Minister for Agriculture,Food and the Marine,Simon Coveney T.D.has announced the creation of 100 jobs as a result of on-going innovation,growth and investment at Kepak's Consumer Food facility in Watergrasshill,Co Cork.This expansion is ...
Tags: Kepak, Cork production facility, jobs, food
Irish food processing company Kepak plans to expand the production capability of its meat facility in County Cork,Ireland,creating 100 new jobs. The company noted that nearly 60 positions have already been filled,while the remaining 40 ...
Tags: jobs, expand, production capability
Supervalu Inc has booked a jump in second-quarter losses, driven by charges related to the supermarket group's turnaround plan. The company said its second-quarter net loss totalled US$111m in the three months, up from $60m in the ...
Tags: Supervalu Inc, losses, fiscal, debt refinancing, food