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Activist investor wants to breakup Shop 'n Save parent Supervalu

Activist investor wants to breakup Shop 'n Save parent Supervalu

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Blackwells Capital LLC, a New York firm that owns just more than 4 percent of Minneapolis-based Supervalu, is looking to breakup the company and pursue a potential sale. 

Blackwells, according to a report in the Wall Street Journal, wants to separate Supervalu's retail and wholesale group and sell the wholesale unit.

Supervalu is the parent company of several grocery store brands, including Shop 'n Save, which are part of its retail division. 

The plan calls for improving margins, selling real estate, spinning out the stores in the retail segment and then finding a buyer for the wholesale operation, the report said. 

Kirkwood-based Shop 'n Save operates approximately 36 stores in the St. Louis area. 

Reuters contributed to this report.

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