Supervalu Inc., parent company of Albertsons, Jewel-Osco and Save-a-Lot, among others, is exploring the possiblity of selling all or part of the company. Reporting a 45 percent fall in earnings for the last quarter, the company has "initiated a review of strategic alternatives", suspended its dividend and withdrawn its quarterly guidance figures for investors. The retailer has retained Goldman Sachs to advise them on options; nonexecutive Chairman Wayne Sales will oversee the effort.
|