Supervalu, one of the largest grocery retailers in the United States, has announced the sale of its Bristol Farms division (14 stores) to a company formed through a partnership with the Bristol Farms management team and Endeavour Capital, an investment firm experienced in grocery and retail businesses.
“Supervalu continuously evaluates its operations to identify opportunities to strengthen its overall business and, when necessary, makes decisions that involve the sale of some locations,” said Brian Huff, senior vice-president, speciality retail, Supervalu. “This move will ultimately allow Supervalu to operate more efficiently and effectively and focus on improving the shopping experience throughout its entire network of owned and supplied stores.”
Bristol Farms is an upscale grocery store chain in California and wholly-owned subsidiary of SuperValu Inc.
– IndiaRetailing Bureau
