Supervalu sells Bristol Farms
Supervalu has sold its Bristol Farms chain of upscale supermarkets to a company formed through a partnership with the Bristol Farms management team and Endeavour Capital, an investment firm with experience in grocery and retail businesses.
SUPERVALU INC. today reported first quarter fiscal 2011 net sales of $11.5 billion and net earnings of $67 million, or $0.31 per diluted share.