Cub Foods

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Cub Foods, Inc.

Type	Grocery
Founded	Minneapolis/St. Paul
Headquarters	Eden Prairie, Minnesota
Industry	Retail
Products	Bakery, dairy, deli, frozen foods, grocery, meat, pharmacy, produce, seafood, snacks, liquor
Parent	Supervalu, Inc.
Website	www.cub.com

Cub Foods is a grocery store chain with eighty-four stores in Minneapolis/St. Paul, Iowa, Northern Illinois, Wisconsin, and the Miami Valley in Ohio. The company is a wholly owned subsidiary of Eden Prairie, Minnesota-based Supervalu.

[edit] History

Cub Foods was founded by Minnesota-based Hooleys Supermarkets. Cub Foods claims to be one of the first total discount food stores in the United States. The chain was bought by Minnesota-based Supervalu in 1980 with five stores in the Twin Cities. After the purchase, the chain expanded to eighty-three stores, in three states. Up until 1999, WinCo Foods operated several Cub Foods stores.

As part of Supervalu's acquisition of Albertsons, including its Chicago-based Jewel-Osco stores, Supervalu divested its Chicago-area Cub Foods locations to an investment group headed by Cerberus Capital Management, to avoid market concentration issues. Since Cerberus took control, four locations (Algonquin, Bedford Park, 87th Street in Chicago, and Naperville) closed, and Cerberus then announced that it was selling the remaining Illinois stores to other operators.[1]