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Supervalu files plans to spin off Save-A-Lot

2016-01-08 01:21:14| Grocery - Topix.net

Supermarket chain Supervalu Inc. on Thursday filed with regulators plans to spin off its hard-discount division Save-A-Lot as a public company, the latest move for Supervalu as it struggles to cope with big changes reshaping the food-retail sector. Supervalu said last summer it was considering spinning off Save-A-Lot in a bid to help investors better understand and value the low-price, no-frills chain.

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