Supervalu not finding takers for Shaw’s -WSJ

CHICAGO, Dec 20 (BestGrowthStock) – Grocery store chain operator
Supervalu Inc (SVU.N: ) has been trying unsuccessfully to sell
the Shaw’s grocery store chain for several months, the Wall
Street Journal reported on Monday.

Supervalu could not immediately be reached for comment.

The company acquired Shaw’s as part of the buyout of
Albertson’s in 2006. It sold 16 Shaw’s stores in February, but
still has more than 175 of the stores in New England, the Wall
Street Journal said. Some analysts have valued the assets of
the chain at $1 billion, the Wall Street Journal said.

Supervalu has been selling assets and slashing costs as it
tries to improve results and catch up with rivals like Kroger
Co (KR.N: ).
(Reporting by Brad Dorfman; editing by Gunna Dickson)

Supervalu not finding takers for Shaw’s -WSJ