Wholesalers

Southeastern Grocers' chief executive is leaving after 16-months on the job to pursue "another opportunity."  

Kroger Co. has made changes in its executive team, including naming a new retail VP.   Calvin Kaufman was named senior VP of retail divisions. He will replace Sukanya Madlinger, who is retiring in June. Madlinger has been with Kroger for 31 years.   

Jewel Food Stores (Jewel-Osco), a wholly-owned subsidiary of Albertsons Companies, is expanding its footprint in Indiana.    Jewel-Osco said it has entered into an asset purchase agreement with Central Grocers to acquire 19 Strack & Van Til stores and other certain assets. Strack & Van Til is owned by Central Grocers, which filed for bankruptcy protection at the beginning of May.   

The Kroger Co. is hiring to fill an estimated 10,000 permanent positions in its supermarket divisions.   The company also announced that its total active workforce grew by more than 12,000 associates in 2016. Over the last eight years, Kroger has created more than 86,000 permanent, new jobs. (The total does not include jobs created as a result of capital investment, such as temporary construction jobs, nor do they include increases due to the company's mergers. Kroger and its subsidiaries today employ more than 443,000 associates.

It’s official. Supervalu has finalized the sale of its discount supermarket business, Save-A-Lot, to an affiliate of Onex Corporation for $1.365 billion in cash.   In connection with the closing of the sale, Supervalu and Save-A-Lot have entered into a five-year professional services agreement whereby Supervalu will continue providing certain back office services to Save-A-Lot.  

Supervalu Inc. posted disappointing sales results for its second quarter as the company continues to shift its business toward wholesale distribution.       The company released its second quarter results just days after it entered into an agreement to sell its Save-A-Lot discount grocery chain to Canadian private equity firm Onex for $1.37 billion in cash.   

Supervalu has found a buyer for its discount grocery business, Save-A-Lot.   Supervalu agreed to sell Save-A-Lot to Onex Corporation, a Toronto-based private equity firm, for $1.365 billion in cash. As part of the agreement, Supervalu will provide professional services to Save-A-Lot for five years.     The sale is expected to be completed by January 31, 2017, subject to regulatory approvals and other customary closing conditions.    

Supervalu Inc. on Wednesday lower-than-expected profit for the first quarter amid ongoing efforts to spin off its Save-A-Lot division.   The supermarket operator reported a profit a profit of $46 million for the quarter, down from $61 million, in the year-ago period. Adjusted for charges related to the potential separation of Save-A-Lot and other factors, earnings declined to $53 million from $65 million last year.   Supervalu’s net revenue fell 3.9% to $5.20 billion.  

The Kroger Co. on Tuesday announced a series of management changes.    The retailer said Bill Breetz, president of its Houston division, will retire effective Aug. 26. Breetz began his Kroger career in 1972 as a bagger in Louisville, Kentucky., and went on to hold several leadership positions at the chain.      Marlene Stewart, who currently serves as president of the company's Dillons division, will succeed Breetz.    

Bob Mariano, CEO of the Roundy’s Supermarkets Inc. division of The Kroger Co., will retire effective Sept. 1, 2016.   After retiring, Mariano will serve as strategic adviser to Kroger and Roundy's for two years. Don Rosanova, president of Mariano's, and Michael Marx, president of Roundy's Supermarkets Wisconsin, will continue to serve in their current roles leading the two supermarket divisions.