Home » Supervalu Takes Next Step to Spin Off Save-A-Lot Business
Corporate Store News Independent Store News National Store News

Supervalu Takes Next Step to Spin Off Save-A-Lot Business

save a lot

Last updated on June 14th, 2024 at 09:46 am

After announcing over the summer that it was exploring a separation of its Save-A-Lot business, Supervalu said Thursday that it had filed an initial Form 10 Registration Statement with the U.S. Securities and Exchange Commission in connection with the possible spinoff of Save-A-Lot into a separate, publicly traded company.

With the filing of the Form 10, Supervalu says it is continuing preparations to separate Save-A-Lot, although at this time there can be no assurances that a separation or spinoff will occur, or that any other changes in the company’s overall operations will happen.

Supervalu, headquartered in Minneapolis, has a network of 3,395 stores composed of 1,854 independent stores serviced primarily by the company’s food distribution business; 1,342 Save-A-Lot stores, of which 901 are operated by licensee owners; and 199 traditional retail grocery stores.

About the author

Shelby Team

The Shelby Report delivers complete grocery news and supermarket insights nationwide through the distribution of five monthly regional print and digital editions. Serving the retail food trade since 1967, The Shelby Report is “Region Wise. Nationwide.”

Featured Photos

Featured Photo IDDBA Annual Convention
George R. Brown Convention Center
Houston, TX