Skip to main content

Report: Cub Foods owner considering possible sale

Supervalu is assessing its options, according to Bloomberg.

Supervalu, the Eden Prairie-based owner of Cub Foods, is considering a possible sale.

That's according to Bloomberg, which reports that it has met with an adviser to consider options for the future of the company, including a sale.

"No final decision has been made and Supervalu may choose not to pursue a sale," Bloomberg notes, citing sources.

Supervalu owns Cub Foods, which has more than 80 stores, most of them in Minnesota.

It also owns brands including Wild Harvest and Stone Ridge Creamery, as well as other grocery chains Farm Fresh and Shop "N" Save.

In total, it has more than 3,000 locations across the U.S.

The company has not responded officially to the rumors

Last year, Supervalu's CEO pledged the company's commitment to Cub Foods, telling the Business Journals it's "building Cub Foods, not selling it."

Next Up

Screen Shot 2023-01-30 at 4.32.08 PM

State: Beltrami County Jail conditions present imminent risk of 'life-threatening harm'

The state is taking action to force changes at the Beltrami County Jail.

BrillyCarchiGoFundMe

Tributes to 15-year-old girl killed in Burnsville crash

The teenager was a student at Burnsville High School.

police lights

Charges: New Ulm couple abused young children with cruel punishments

Warning: The following contains upsetting details about child abuse.

Screen Shot 2023-01-30 at 1.18.29 PM

Boy reels in 9.5lb walleye, wins pickup truck at Brainerd ice fishing tourney

Contestants come from all over the country compete in the annual event held in Brainerd.

ArrowheadRace

Arrowhead 135 ultramarathon in northern MN kicks off in -25F temperatures

The race is considered one of the 50 most challenging races in the world.

Screen Shot 2023-01-30 at 9.31.03 AM

Old Navy closes Eagan store

There's another change in store for the popular Eagan strip mall.

Related

With new owner planning a sell off, who will buy Cub Foods?

Current owner Supervalu is being bought for almost $3 billion.

Cub Foods is set to be sold early next year

The grocery chain's parent company is looking to offload the store network.

Cub Foods asks shoppers to no longer openly carry guns in stores

It's also banning the sale of e-cigs and vaporizers.

Cub Foods

Sale of Cub Foods pushed back 2 years

Cub Foods' owner says now is not the right time to sell the stores.

Cub Foods Broadway

Cub Foods commits to rebuilding its 2 riot-damaged Minneapolis stores

It also intends to open temporary stores at both locations to address food insecurity.

Cub Foods, Kowalski's giving workers a raise during COVID crisis

Grocery store workers are now considered emergency workers during the COVID crisis.

Cub Foods reduces hours, but will keep 13 stores open 24/7

It's limiting the hours for many of its stores across the Twin Cities.