LOS ANGELES, July 15 Arden Group Inc,
which owns 16 upscale Gelson's Markets in Southern California,
on Monday said it has hired advisers to explore and evaluate a
possible sale or other strategic alternatives.
The supermarket company, which retained Moelis & Co, said it
has not made a decision to pursue any specific strategic
transaction. It declined further comment.
The North American grocery industry recently has seen a
spate of deals as it faces competition from a bevy of retailers
ranging from Wal-Mart Stores Inc and Target Corp
to dollar stores.
High-end operators, particularly Whole Foods Market Inc
, have been outperforming the industry overall. Supervalu
Inc sold Gelson's local rival Bristol Farms to
management and Endeavour Capital in late 2010.