Dive Brief:
- Sam Zell, an investor, confirmed that he wants to buy the 140 supermarkets that Cerberus Capital is being forced to sell to by anti-trust regulators.
- Zell confirmed his interest in the stores during an interview on Fox News. Zell was first named as a bidder by the New York Times.
- Zell described his interest in the stores as a "one-off," rather than as a strategic shift toward the grocery industry.
Dive Insight:
Zell's most recent high-profile deal was his takeover of the Tribune Co., which descended into bankruptcy and scandal on his watch. Whether or not he'd have more luck in the grocery business remains to be seen.