Florida-based Sun Capital Partners, which bought Indianapolis-based Marsh Supermarkets Inc. three years ago, has completed the turnaround process and now plans to sell the chain, the Indianapolis Business Journal reported. Frank Lazaran, chief executive officer, said a definitive strategy has not been set for selling Marsh, but he said Sun's plan has been to improve the performance of the chain and sell it "when the market is right, financing is right, and someone is willing to pay a fair multiple."

Stockholders of West Des Moines, Iowa-based Hy-Vee Inc. have ratified the board of directors' selection of Randall B. Edeker, 47, to succeed Ric Jurgens as president of the supermarket chain. Jurgens, who had served as president since 2001, remains chairman and chief executive officer. Edeker is only the fourth president named in the company's 80-year history, according to a news release.

United Kingdom-based Tesco plans to launch a version of its successful Clubcard shopper loyalty program in its El Segundo, Calif.-based Fresh & Easy Neighborhood Market chain, the Financial Times reported. The move would be a change in strategy for the company, which said it planned to position itself as a "hard discount" store focusing on delivering the lowest possible price to shoppers when it set up shop in the U.S. in 2006. The chain now has about 130 U.S. stores.

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