The many Jewel-Osco stores across the country, including here in northern Illinois, are being sold with other Supervalu, Inc., stores to Cerberus Capital Management LP, the Chicago Sun-Times reported Thursday.
Under the $3.3 billion sale, Cerberus will take ownership of Albertsons, Acme, Shaw's and Star Market stores in addition to Jewel-Osco and Sav-on stores, according to the Sun-Times. The sale includes a total of 877 stores nationwide.
Locally, there are Jewel-Osco stores in Arlington Heights, Barrington, Buffalo Grove, Grayslake, Lake Forest, Lake Zurich, Libertyville, Palatine and many other communities.
According to a press release on the Supervalu website, the company will maintain ownership of 1,300 Save-A-Lot stores, along with regional stores like Cub, Farm Fresh, Shoppers, Shop 'n Save and Hornbacher's.
Got a question? Something on your mind? Talk to your community, directly.
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something