HomeMy WebLinkAbout2014 05-14 Maplewood Rainbow Foods is sold MAPLEWOOD REVIEWMaplewood -Rainbow Foods bought by Supervalu,
will keep its name. 1
MAY 1420-14
M-g,*Aewood...
Rainbow. Foods
I,
:1s sold'..
Cub Foods' SuperValu
E w-111 buthe store "keep
p
the name as -is -
Tim Faklis
ainb0W MAY 14 2014
Review staff
Rainbow Foods, fox ,the. most part, will be no
continued from page 1 operators will "provide sin markets, as ..well a:
those. stores better stew-. focus on expanding 'it;
more in Minnesota.
The stip-erynarket chains parent company,
and restock shelves." ardship in serving their market in the greate7
Roundy's announced May lit would be selling
While. Swanson sees communi't:ies in the Chicago area.,
"A
18 of its 27 Rainbow stores. Twin pities -based
it as too early to dis- Minneapolis/St. Paul
Supervalu: -is; buying 10' Rainbows and< tu-xn.lng_ '�
cuss remodelingplans, market- -going forward." Tim Faklis can .ht
p z g
g, -
them into Cub Foods stores... ' ,
he did mention an�even- He added that these . reached at tfaklis@1il-
Six locations, including thee one in Maplewood,
. teal plan at aggressive transactions would lienewis.com or at 657.
'to'
will remain a Rainbow `Foods under. new owner-
, 7878 4:
renovations. allow R o u n d y s.
shi p
Cub Foods. leadership strengthen its. business
The Maplewood store, 2501. White. Bear Ave.,
is in the midst of talk- in its core Wiscon-
b
will be purchased by Supervalu, ut at this point
ing and meeting with _ .... _
Rainbow employees
is set - to continue to be a Rainbow Foods. -Some
and discussing upcom-
local` resident.S. ,Hewed Supervalu s :decision as a
xng changes to their
Peculiar one, since there's a Cub 'Foods kitty-cor-
stores. Over the nest
ner from. Rainbow on White : Bear Avenue
couple months t h e
Questions of store brand items come. into , play.
`
company will be hiring
With Milwaukee -based Roundy's out ,of :the pzc.
about 1,000 full-time
Lure, ;many customers wondered.if Cub Foods
and parttime employ --.
store brand items (Essential: Everyday) would be, ;�
ees with -a passion fox
on the shelves in both .locations under the; same
'
food and customer ser-
. ownership.
Roundy's is reportedly selling the stores -for $65viae
being a..tralt for
million plus the monetary .value: of the current
any candidate. If cur-
rent Rainbow employ-.
inventory,_SuperValu'swill be contributing $35 .'
ees :believe that, they
million of, that, with Jerry's Enterprises, Haug
possess those qualities, j
Enterprises and Radermache,r Enterprises also:';
"we encourage them to
among the group involved in the sale.
apply," ;Swanson said
Of .the 18 stores. in question, SuperValu will
In a write en state -
claim 100 percent ownership in three Cub stores, _- -
-in
went Roun dy's CEO
ma,�ority -two Cub stores, and minority owner-
-will
Robert Mariano said,
ship in three Cub stores. It also have 100,per-
"The economic down -
cent ownershipin two Rainbow stores, as well as
turn the last few
total, ownership in 11 affiliated pharmacies.
. over .
years, coupled with an
Once the transaction is complete, it will bring
the total, to 77 Cub Foods.- stores,' (76 in Minne-
increased competitive
sota'and'one store in Illinois)..
footprint in the Minne-
For now,, Jeff Swanson, spokesperson for Super-
apolis/St. -Paul market,
has made it .difficult for
Valu said .the announcement was a fairly Com-
done;
Roundy's to, keep the
pleg but still exciting for the company. He
Rainbow banner com-
hopes fora seamless and quick -transition.
«
petitive."
Our plan is to close on the. financial transac-
'stores
According to Mari -
tions of the over. the : next 60 days," he
no, the sale of the
said. "`Once -the deal's done, we wiill close..`.the
'inbow stores in the
stores. fora- very short period -of time - one to two
in Cities to local
days, maximum, mainly to change out the signage
see Rainbow on page 3