Last updated on June 14th, 2024 at 09:46 am
After announcing over the summer that it was exploring a separation of its Save-A-Lot business, Supervalu said Thursday that it had filed an initial Form 10 Registration Statement with the U.S. Securities and Exchange Commission in connection with the possible spinoff of Save-A-Lot into a separate, publicly traded company.
With the filing of the Form 10, Supervalu says it is continuing preparations to separate Save-A-Lot, although at this time there can be no assurances that a separation or spinoff will occur, or that any other changes in the company’s overall operations will happen.
Supervalu, headquartered in Minneapolis, has a network of 3,395 stores composed of 1,854 independent stores serviced primarily by the company’s food distribution business; 1,342 Save-A-Lot stores, of which 901 are operated by licensee owners; and 199 traditional retail grocery stores.
