SuperValu (United States)
American wholesaler and retailer of grocery products / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about SuperValu (United States)?
Summarize this article for a 10 year old
SuperValu, Inc., was an American wholesaler and retailer of grocery products. The company, formerly headquartered in the Minneapolis suburb of Eden Prairie, Minnesota, had been in business since 1926.[1] It is a wholly owned subsidiary of United Natural Foods (UNFI).
Company type | Subsidiary |
---|---|
NYSE: SVU | |
Industry | Retailing |
Founded | Minneapolis, Minnesota (1926; 98 years ago (1926)) |
Defunct | October 22, 2018 (2018-10-22) |
Fate | Acquired by United Natural Foods |
Successor | United Natural Foods |
Headquarters | Eden Prairie, Minnesota, U.S. |
Area served | United States |
Products | Supermarkets, grocery store, pharmacies, food |
Parent | United Natural Foods |
Subsidiaries | SuperValu Pharmacies. Cub Foods and Shoppers |
Website | supervalu |
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. UNFI said it expects the deal to result in roughly $175 million in savings over three years and that it would divest itself of SuperValu's grocery stores.[2]
As of June 8, 2022, the SuperValu brand seems to be discontinued for everything besides some small-scale grocery stores. The distribution facility in Hopkins, Minnesota, has been rebranded to UNFI.[citation needed]