Shaw’s and its sister supermarket brand Star Market are part of a larger proposed $3.3 billion deal that could leave the local chains owned by a group of private equity firms that include Cerberus Capital Management, the firm that controls the Steward Hospital Health Care System hospital chain in Boston.
The struggling parent of the Shaw’s and Star Market chain of roughly 170 stores, Supervalu Inc. of Minnesota, said Thursday that it has agreed to sell several of its supermarket chains across the country to an affiliate of Cerberus Capital Management LP.
Comments
Ah, the three headed dog devours more and more – with its talons extended, it seeks to quench an unquenchable thirst, draining all the good and profits it can from the prey its’ black eyes locks on.
This could be a good thing and probably not a bad one. Shaw's stores -- at least the ones I've been in -- seem like rundown relics of a once thriving business. They're not in the same ball park as Stop & Shop's clean and well-decorated supermarkets.
Maybe the new owners will invest a little in sprucing up the chain.