Hints and tips:
...The Cerberus group bought 655 stores being cast off by Supervalu, a food wholesaler that was buying Albertsons at the time....
...UNFI on its takeover of grocery chain Supervalu last year....
...United Natural Foods Inc (UNFI), a grocery wholesaler, is suing Goldman in a New York state court over the bank’s work on a messy $3bn acquisition....
...Shares of Supervalu climbed 64 per cent to $31.87....
...Supervalu shares were down 5.1 per cent at $20.72 while Ingles Markets retreated 2.8 per cent to $23.33....
...Unilever said it had no comment on the dispute with SuperValu....
...Shares in supermarket chain Supervalu fell 9.45 per cent to $4.60, after analysts at Deutsche Bank downgraded the stock to “hold” from “buy” and lowered their price target on the stock to $6 from $8....
...Shares of food retailing company Supervalu gained nearly 4 per cent to $9.44 after analysts at Goldman Sachs upgraded the stock to “neutral” from “sell” and raised their price target to $9 from $8....
...In contrast Supervalu struggled with its portion of Albertsons. Ironically, Supervalu sold its piece to Cerberus in 2013....
...Kroger shares advanced just over 5 per cent to close at $49.66 while rival Supervalu rose 0.63 per cent to $7.95....
...Cerberus and Supervalu together bought and divided Albertsons in 2006, then Cerberus last year bought the rest of the chain from its partner....
...Sam Duncan, chief executive of grocer Supervalu, said on a recent conference call it was still “assessing the long-term impact” of these pullbacks that had been “challenging”....
...Albertsons has long been chopped up by Supervalu, which is itself being gutted....
...Cerberus’s combined retail and real estate play for Supervalu in 2006 and then again this year could be a template. Of course, if such a deal is closed, it will probably be at fire sale prices....
...inequality has risen, it is assumed that some shoppers have moved up to gourmet chains led by Whole Foods, and some have moved down to Walmart, deserting Kroger and the other listed supermarkets, Safeway and Supervalu...
...Supervalu’s problems may stem from its $12bn acquisition of Albertson’s in 2006....
...Shares in Supervalu , one of the largest US supermarket operators, fell 13.8 per cent to $2.32 and the stock has plunged 54.3 per cent over the week as its earnings missed expectations....
...That’s more than JPMorgan, which moves 2.1 per cent, but less than grocery Supervalu, which moves 10.3 per cent....
...Supervalu lost nearly half of its market capitalisation, plummeting 49 per cent to $2.69 after the US’s third-largest grocery chain’s earnings missed expectations....
...Alexia Howard, analyst at Bernstein Research, said the rise in milk prices due to scarce supply in the short term and a price war triggered by struggling supermarket operators like Supervalu remained concerns...
...Supermarket chain Supervalu fell 14.5 per cent to $7.04 as the company recorded a fourth-quarter loss of $750m for its third fiscal quarter....
...Supermarket operator Supervalu tumbled 12.5 per cent to $7.34 as the supermarket retailer recorded a loss of $750m for its third fiscal quarter....
...As a result, the share prices of Safeway and Supervalu in the US continue to merely track the market, as do Tesco, Carrefour, and J Sainsbury in Europe. This measured reaction is understandable....
...Both Walmart, where the Mead product was bought, and Supervalu , the operator of Jewel-Osco supermarkets, pulled the Enfamil powdered baby food formula from their shelves, citing an “abundance of caution...
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