Supervalu to Sell Jewel-Osco Stores
Deal is expected to be finalized this spring.
Jewel-Osco parent company Supervalu on Thursday announced it will sell the grocery store chain — along with its Albertsons, Acme, Shaw’s and Star Market chains — in a $3.3 billion deal. Jewel-Osco’s Oak Forest store is located at 5616 159th St . Tinley ParkJewel-Osco store is located at 17117 Harlem Ave. The grocery stores, plus affiliated in-store Osco and Sav-On pharmacies, are being sold to a consortium of investors led by Cerberus Capital Management, according to the Minnesota-based Supervalu. The deal, which includes $100 million in cash and $3.2 billion in debt, is expected to close this spring, according to the Chicago Tribune. The five grocery store chains will be acquired by Cerberus affiliate AB Acquisition, the paper reported. …
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Tony Fiorenzo
9:19 am on Saturday, January 26, 2013
Last time I shopped there was with a gift card. I needed a new air filter for my furnace/ac. The filter cost $8, quite expensive. I never shop there because I can get all items elsewhere, far cheaper. It will be sad to see that building vacated when it disappears. Doubt anything will go in it, we are too far gone. I drove down Oak Park Ave yesterday and noticed 3 business' have disappeared in the… more ›