SuperValu (United States)
Tradition, excellence and future promise.
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|
| Public | |
| Traded as | : SVU S&P 600 Component |
| Industry | Retailing |
| Founded |
Minneapolis, Minnesota (1926) |
| Headquarters | Eden Prairie, Minnesota, U.S. |
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Area served
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United States |
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Key people
|
Mark Gross, CEO |
| Products | Supermarkets, grocery store, pharmacies, food |
| Revenue |
 USD $19.65 billion (FY 2015) |
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USD $895 million (FY 2015) |
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USD $202 million (FY 2015) |
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| Total assets |
USD $4.606 billion (FY 2015) |
| Total equity |
USD 1.444 Billion (FY 2015) |
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Number of employees
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43,532 (2015) |
| Subsidiaries | SuperValu Pharmacies Hornbacher's |
| Website |
supervalu.com |
supervalu.com
supervaluUniversity.com
supervalurealty.com
SuperValu, Inc. is an American retailing company. The corporation, headquartered in the Minneapolis suburb of Eden Prairie, Minnesota, has been in business for nearly a century. It is the fifth-largest food retailing company in the United States (after Kroger and Albertsons), and ranks in the top 100 on the 2015 Fortune 500 list. Supermarket News ranked SuperValu #1 in the 2008 "Top Wholesalers for 2008".
On June 2, 2006, Boise, Idaho-based Albertsons, Inc. and 1,124 of its stores were sold to SuperValu. The sale was approved by the shareholders of both SuperValu and Albertsons on May 30, 2006. In January 2013, the company announced it was selling the Acme Markets, Shaw's, and Jewel-Osco chains and their remaining Albertsons stores to Cerberus Capital Management for $100 million in cash with Cerberus assuming $3.2 billion in existing debt. SuperValu would keep its Cub, Farm Fresh, Shoppers Food & Pharmacy, Shop ‘n Save and Hornbacher’s brands as well as its wholesale supply operation while the Acme, Shaw's, Star Market, and Jewel-Osco stores were reunited with Albertsons. The deal closed March 21, 2013.
In 1870, Hugh G. Harrison provided the money for B.S. Bull and Company, a dry goods wholesaler serving Minneapolis. Though B.S. Bull and Company was short lived, its founders went on to create a similar company. In 1926, Supervalu's direct ancestor, Winston and Newell Company, was founded from the merger of Winston, Harper and Fisher and the Newell Company, two companies founded by B. S. Bull's backers.
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Wikipedia