Friday, January 11, 2013
The owner of Shaw's and Star Market is selling stores to Cerberus Capital Management.
Shaw's and Star Market agreed to sell several stores to Cerberus Capital Management as part of $3.3 billion deal, according to a report in the Boston Globe Thursday. Cerberus Capital Management is a private equity firm that also controls Steward Hospital Health Care System. Supervalu Inc. of Minnesota owns Shaw's and Star Market and is expect to sell 169 stores as part of the deal for $100 million in cash, while Cerberus will assume $3.2 billion in existing debt the Globe reports. While the Boston Herald wrote "no immediate changes are planned for the West Bridgewater-based Shaw’s and Star Market grocery chains," the paper reported the deal "prompted speculation that some Shaw’s and Star Markets could return to the block after the deal …
Friday, November 2, 2012
Sources say 700 jobs are cut across a number of stores in New England.
Shaw's and Star Market are planning to make some cuts to their workforce in New England. The supermarket chains owned by Supervalu, Inc. are cutting 700 positions across 169 stores,according to an AP story on the Huffington Post. This follows a second-quarter loss for the company, which fired its CEO in July. See the full AP story on Huffington Post. About 90 of the employees have been informed of the decision, and a press release picked up on Daily Finance indicates the rest will be notified over the next several days. The company announced that the layoffs do not "impact SHAW'S overall commitment to the communities it serves." See the full press release on Daily Finance.
Saturday, July 14, 2012
Shaw's and Star Market could be on the selling block, according to a report in the Boston Herald.
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Saturday, July 14, 2012
A sale could in the future for the Shaw's and Star Market, according to a report in the Boston Herald on Friday. The West Bridgewater-based Shaw's and Star Market has been struggling in its attempt to turnaround the company. In effort to change the fortunes of the company, Minneapolis-based Supervalu Inc., said Wednesday, it will cut its prices aggressively and eliminate $250 million in expenses in the next two years. The company owns 4,400 stores across the country with $35 billion in annual sales. “These are bold but necessary moves which will position Supervalu for success in this increasingly competitive environment,” CEO Craig Herkert said in a statement. “While our shift to a fair price plus promotion strategy is right for our …
David Dallaire
2:05 pm on Sunday, January 13, 2013
Good riddens to them. I can get $90.00 worth of groceries at Market basket rather than $43.00 at Shaws. They are very expensive. The quality of their food is sub standard. I've bought three loaves of bread from the one in Stoughton, and two days later they are full of mold. God forbid you go to the deli and ask for something while the employees are talking about their personal lives. They are not… more ›