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Supervalu has sold its Southern California-based Bristol Farms division to a company formed through a partnership with the Bristol Farms management team and Endeavour Capital, an investment firm experienced in grocery and retail businesses.
Under the terms of the sale, the 14 grocery stores will change ownership but continue to operate under the Bristol Farms name, and the existing management and associate base will continue to serve customers without disruption.
“Supervalu continuously evaluates its operations to identify opportunities to strengthen its overall business and, when necessary, makes decisions that involve the sale of some locations,” said Brian Huff, Supervalu’s senior VP of specialty retail. “This move will ultimately allow Supervalu to operate more efficiently and effectively and focus on improving the shopping experience throughout its entire network of owned and supplied stores.”
Minneapolis-based Supervalu Inc. serves customers across the United States through a network of more than 4,200 stores.