Supervalu

Type: Public (NYSE: SVU)
Founded: 1870 (Minneapolis, Minnesota)
Headquarters: Eden Prairie, Minnesota
Key people: Jeff Noddle, Chairman & CEO, Mike Jackson, President & COO, Paul Singer, CIO
Industry: Retail (Grocery)
Products: Grocery stores, pharmacies, food
Website: www.supervalu.com

General Information

SuperValu Inc. (NYSE: SVU) is a United States grocery retailer and distributor. The corporation is headquartered in Eden Prairie, Minnesota, and has been in business for over a century. It is the third-largest food retailing company in the United States and ranks #62 on the Fortune 100 list.As of June 2, 2006, Boise, Idaho-based Albertsons, Inc. and 1,124 of its stores have been sold to Supervalu. The sale was approved by the shareholders of both Supervalu and Albertsons on May 30, 2006.Supermarket News ranked Supervalu No. 5 in the 2007 'Top 75 North American Food Retailers' based on 2006 fiscal year estimated sales of $37 billion.Supermarket News ranked SuperValu No.1 in the 2008 'Top Wholesalers for 2008'.

History

In 1870, Hugh G. Harrison provided the money for B.S. Bull and Company, a dry goods wholesaler serving Minneapolis, Minnesota. Though B.S. Bull and Company was short lived, its founders went on to create similar company. In 1926, Hugh G. Harrison formed Winston and Newell Company which went on to be SuperValu Inc.