Supervalu announced the completion of the sale of its Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market stores and related Osco and Sav-on in-store pharmacies to AB Acquisition LLC, an affiliate of a Cerberus Capital Management-led investor consortium, in a stock deal valued at $3.3 billion, including $100 million in cash and $3.2 billion in debt assumption.
When Albertson's LLC announced last month that its parent company, AB Acquisition, an affiliate of Cerberus Capital Management, signed an agreement to acquire 877 stores from Supervalu in a deal valued at some $3.3 billion — a move that will reunite all Albertsons stores under one operator — it recast the rankings of the industry's leading pharmacy retailers.
Supervalu's Jewel-Osco on Wednesday announced that they will celebrate Black History Month with the company's 14th annual "A Taste of Black History" program, which honors the contributions and achievements of the retailer's African-American vendor partners.
Jewel-Osco on Friday announced that the company is observing Hunger Action Month this September with an aggressive campaign to raise food and funds for food banks and food pantries in the retailer's service area.
Supervalu's Jewel-Osco banner will celebrate Hispanic Heritage Month with its 5th Annual “Sabor de la Herencia Hispana” signature VIP reception on Sept. 27 at the National Museum of Mexican Art, the retailer announced Monday.
Supervalu has expanded its offering to accept e-prescriptions for controlled substances at its banner pharmacies after meeting stringent regulatory requirements set by the Drug Enforcement Administration.
Jewel-Osco announced that it is partnering with the American Heart Association to raise awareness and funds for the AHA's Go Red For Women campaign against heart disease, the leading cause of death among American women.