On Thursday Supervalu completed on the sale of Albertson's, Jewel-Osco, Acme, Shaw's and Star Market to an investor group led by Cerberus Capital Management.
NPR: Supervalu Eliminating About 1,100 Positions
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In late 2001 Johnston used the muscle of his Osco and Sav-on drugstore banners, which combined made Albertsons the nation's fifth-largest drugstore company, to roll out dual-branded stores.