SUPERVALU INC. is a prominent grocery wholesaler and retailer in the United States, generating annual sales of around $16 billion. With a network of 3,324 stores, including 3,111 primary wholesale stores, SUPERVALU serves customers nationwide. The company has been actively transforming its business to become the preferred wholesale supplier for grocery retailers across the country, focusing on strategic growth and cost reduction initiatives.
Farm Fresh, a subsidiary of SUPERVALU, has been serving Virginia and North Carolina for 60 years and employs approximately 3,300 associates. However, SUPERVALU recently announced plans to exit the Farm Fresh banner and has entered into agreements to sell 21 of its 38 Farm Fresh stores to various retailers. This decision allows SUPERVALU to allocate more resources and energy towards the expansion of its core wholesale business, while also exploring potential transactions to sell the remaining Farm Fresh stores to interested parties.
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