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Cerberus Looking at Grocery Chains for Potential Bids

Cerberus Capital Management LP is eyeing about a half-dozen grocery chains for potential bids, as the buyout shop weighs whether to further expand its grocery business three months after acquiring several chains from Supervalu Inc.(SVU), according to a person familiar with the matter.One company it is looking at is Harris Teeter Supermarkets Inc. (HTSI), people familiar with the matter said.The grocery business has long been profitable for Cerberus, and the firm sees adding stores as a way to cut costs through additional scale while creating more turnaround opportunities, one of the people said.Harris Teeter, a publicly traded grocery chain with around 200 stores along the East Coast, has been exploring a potential sale for months. On May 8, the company said in a securities filing that it is in discussions with "certain parties" about strategic alternatives but that it is unknown whether the talks will result in a deal.Another private-equity firm, Bain Capital LLC, has also been lookin...

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  1. The Retailers with the Worst Customer Service

    Customer satisfaction with retailers is at an all-time high. However, while the industry improved overall, according to the American Consumer Satisfaction Index (ACS...

  2. Slimmed-Down Supervalu to Axe 1,100 Jobs

    In the wake of a recent deal to slim down by unloading grocery-store chains, Supervalu (NYSE:SVU) revealed plans on Tuesday to trim 1,100 jobs at its corporate and s...

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    Cheaper toilet paper is about to get fluffier.Several major U.S. retailers, including Kroger Co. (KR), Supervalu Inc. (SVU) and Wal-Mart Stores Inc. (WMT), are plann...

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