Minneapolis Supervalu has sold its Bristol Farms supermarket chain to that division's management team in partnership with investment firm Endeavour Capital.
The company did not disclose the value of the deal, which includes 14 stores, one in San Francisco and the rest across Southern California.
The stores will change ownership Friday but will continue to operate under the Bristol Farms name with their existing management and workers.
Supervalu said the move will ultimately allow the company operate more efficiently and effectively and focus on improving its remaining base of stores.
Endeavour Capital is a private investment firm with a focus on food manufacturing, distribution and grocery retail.