Safeway is an American supermarket chain founded in April 1915 in American Falls, Idaho by Marion Barton Skaggs. It is a subsidiary of Albertsons after being acquired by private equity investors led by Cerberus Capital Management in January 2015.
Under the terms of the merger agreement first announced and unanimously approved by Safeway’s Board of Directors in March 2014, AB Acquisition LLC, the owner of Albertson’s LLC and New Albertson’s, Inc. (collectively “Albertsons”), will acquire all outstanding shares of Safeway.
Safeway and Albertsons are run separately but are the same company. They are both owned by a capital investment group named Cerberus Capital. Albertsons did bring in the Safeway brand of products to their stores.
What happened to Safeway and Albertsons?
On July 25, 2014, Safeway stockholders approved the merger with Albertsons. In December 2014, Albertsons announced that the Haggen Company, a Bellingham, Washington, based grocery chain, was buying 146 Safeway, Albertsons and Vons stores, as required by the antitrust review of the merger.
Is Albertsons going to merge with Safeway?
The combined company is currently two years (as of January 2018) into the merger. Some legacy Albertsons stores have still not been migrated over to Safeway systems but eventually they all will be.
Who is Albertsons owned by?
Established in 2006, AB Acquisition LLC (“Albertsons”), which operates ACME, Albertsons, Jewel-Osco, Lucky, Shaws, Star Market and Super Saver, and stores under the United Family of stores, Amigos, Market Street and United Supermarkets, is working to become the favorite food and drug retailer in every market it serves.
A common question we ran across in our research was “Is Albertsons owned by Rite Aid?”.
One answer is, Albertsons — which operates the grocery chains Vons, Pavilions and Safeway as well as its namesake grocery stores — said it’s acquiring the part of Rite Aid that isn’t being sold to Walgreens Boots Alliance Inc. under a previously announced deal. In this regard, is Albertsons a Mormon company?
Has more than 2,300 food and drug stores in 35 states and the District of Columbia under the banners Albertsons, Safeway, Vons, Pavilions, Randalls, Tom Thumb, Carrs, Sav-On, Jewel-Osco, Acme, Shaw’s, Star Market, United Supermarkets, Market Street, Amigos, Haggen and United Express.
One source stated as previously announced, current Albertsons Chief Executive Officer Bob Miller will become Executive Chairman. “This is a transformative day for both Albertsons and Safeway. This merger creates a unified, strong organization that is dedicated to bringing a better shopping experience to more customers across the country,” commented Miller.
You may be asking “Does Albertsons change their name?”
In most cases the store names do not change but there are some instances where an Albertsons becomes a Safeway or vice-versa, depending on which banner is more familiar in a given market. The same is true for other banners such as Vons, Jewel Osco, Tom Thumb, Pavilions, etc.
Is Safeway a Fortune 100 company?
Safeway Inc, which operates Safeway, Vons, Pavilions, Randalls, Tom Thumb, and Carrs stores, is a Fortune 100 company and one of the largest food and drug retailers in the United States with sales of $35.1 billion in 2013.
Who bought Safeway for $9 billion?
^ “Washington-based Haggen grocery chain buying 146 Albertson, Safeway stores in the West”. Archived from the original on March 26, 2015.