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Report: Cub Foods owner considering possible sale

Supervalu is assessing its options, according to Bloomberg.
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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."

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