LOS ANGELES, CA, March 29 – Grocer Supervalu Inc. (SVU.N) said it would sell six Cincinnati-area Bigg’s stores and their pharmacies to employee-owned Remke Markets and close its five remaining Bigg’s stores.
The shares of Supervalu, which has been shedding assets amid a turnaround effort, were up nearly 1 percent on the news.
Minneapolis-based Supervalu said the sales are set to close this spring, while the store closures will come before the end of May.
With the Bigg’s purchase, Erlanger, Kentucky-based Remke Markets will have 13 owned and operated stores.
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