US-based retailing company Supervalu has announced plans to sell its Save-A-Lot business to an affiliate of private equity firm Onex Corporation for $1.36bn.
The deal also includes a five-year professional services agreement, under which Supervalu will provide back office services to Save-A-Lot.
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The sale is expected to help Supervalu improve its balance sheet and strategically invest in other businesses.
US-based fashion retailer J Jill has announced the signing of a long-term renewal agreement with Alliance Data Systems' card services business.
A provider of data-driven marketing and loyalty solutions, Alliance Data Systems will provide credit and marketing services for J Jill's credit card programme through the agreement.
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