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Supervalu completes sale of five chains to Cerberus-led investor group
New York -- Supervalu on Thursday announced the completion of the sale of its Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market stores and related Osco and Sav-on in-store pharmacies to AB Acquisition LLC, an affiliate of a Cerberus Capital Management-led investor consortium. The stock deal is valued at $3.3 billion, including $100 million in cash and $3.2 billion in debt assumption.
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Perry Ellis launches global shopping for all e-commerce sites
Miami -- Perry Ellis International announced that is has expanded its e-commerce reach and worldwide accessibility with the launch of international shipping on all its e-commerce sites, provided by FiftyOne Global Ecommerce.
Among the over 100 countries Perry Ellis now serves are Canada, Australia, Mexico, Japan and many others across North and South America, Europe, the Middle East and Asia.