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Albertsons Companies, Inc. Reports Third Quarter Fiscal 2020 Results

BOISE, Idaho--(BUSINESS WIRE)-- Albertsons Companies, Inc. (NYSE: ACI) (the "Company") today reported results for the third quarter of fiscal 2020, which ended December 5, 2020.

Third Quarter of Fiscal 2020 Highlights

  • Identical sales growth of 12.3%
  • Digital sales growth of 225%
  • Net income per share of $0.20; Adjusted net income per share of $0.66
  • Net income of $124 million; Adjusted net income of $387 million
  • Adjusted EBITDA of $968 million, an increase of 53% compared to the third quarter last year
  • Executed debt refinancing and announced paydown to drive an additional $25 million in annualized interest savings
Posted On: January 12, 2021
Albertsons Companies Announces Common Stock Dividend

BOISE, Idaho--(BUSINESS WIRE)-- Albertsons Companies, Inc. (NYSE: ACI) (the “Company”) today announced its Board of Directors has declared a cash dividend for the fourth quarter of 2020 of $0.10 per share of Class A common stock and Class A-1 common stock. The cash dividend is consistent with the Company’s dividend policy established in connection with its initial public offering. The cash dividend is payable on February 10, 2021 to stockholders of record as of the close of business on January 26, 2021.

Posted On: January 12, 2021
Albertsons Companies debuts automated grocery PickUp kiosk at Jewel-Osco store in Chicago

BOISE, Idaho – January 7, 2021 – Albertsons Companies (NYSE: ACI) today announced that it is the first American grocer to pilot an automated and contactless grocery PickUp kiosk. The kiosk, located at one of its Jewel-Osco stores in Chicago, demonstrates continued expansion of the company’s eCommerce business and deep commitment to providing easy service through its websites and apps.

Posted On: January 7, 2021
Albertsons Companies Announces Third Quarter Fiscal 2020 Earnings Release and Conference Call Date

BOISE, Idaho--(BUSINESS WIRE)-- Albertsons Companies, Inc. (NYSE: ACI) will release financial results for the third quarter of fiscal 2020, which ended December 5, 2020, before the market opens on Tuesday, January 12, 2021. ACI will host a conference call that day at 8:30 a.m. Eastern Time, which will include a brief discussion of the results followed by a question and answer session. The conference call will be available at the following address by accessing the "Events & Presentations" link included therein:

Posted On: December 29, 2020
Albertsons Companies administers first COVID-19 vaccines, makes preparations to meet high demand safely and efficiently

Company launches new website to provide information to customers about vaccine’s safety and availability; initiates campaign to hire nationwide; maintains enhanced cleaning and safety standards

BOISE, Idaho – December 23, 2020 – Albertsons Companies (NYSE: ACI) Pharmacy & Health team has administered its first doses of the COVID-19 vaccine and is preparing for high consumer demand for immunizations through a broad series of measures—including hiring additional pharmacy staff nationwide, launching a new website with important information for the public, and maintaining high safety standards in its pharmacies and stores.

Posted On: December 23, 2020
Albertsons Companies Foundation donates $14 million to organizations fighting hunger

Includes major grants of up to $500,000 to organizations with innovative projects to eradicate hunger; nearly 150 organizations receive grants of up to $100,000

BOISE, Idaho – December 8, 2020 – Albertsons Companies Foundation is awarding almost $14 million in grants from its Nourishing Neighbors community relief fund to local hunger-fighting organizations in areas their stores serve from coast to coast. 

The grants include almost $4 million for 13 large grants to organizations across the United States as part of Nourishing Neighbors’ new innovation grant program, which awards grants up to $500,000 to organizations with innovative projects or new ideas for eradicating hunger.  

Posted On: December 8, 2020
Albertsons Companies Associates Ratify Agreement with UFCW Local Unions for Variable Annuity Pension Plan

New plan established to safeguard benefits for associates


BOISE, ID – November 30, 2020 - Albertsons Companies, Inc. (NYSE: ACI), announced on July 21, 2020 that it had entered into a tentative agreement with the trustees of the United Food and Commercial Workers International Union (“UFCW”) Union-Industry Pension (“National Fund”) to completely withdraw from the National Fund effective as of June 30, 2020 and entered into a Memorandum of Understanding (“MOU”) with nine UFCW local unions to establish a Variable Annuity Pension Plan (the “VAPP”), effective as of July 1, 2020, providing for future service and benefits for Albertsons Cos. associates. This agreement needed to be ratified by the nine local unions. Albertsons Cos. announced today that the Agreement and MOU have been ratified by all nine UFCW local unions.

Posted On: November 30, 2020
Albertsons Companies Associates Ratify Agreement with UFCW Local Unions for Variable Annuity Pension Plan

New plan established to safeguard benefits for associates


BOISE, ID – November 30, 2020 - Albertsons Companies, Inc. (NYSE: ACI), announced on July 21, 2020 that it had entered into a tentative agreement with the trustees of the United Food and Commercial Workers International Union (“UFCW”) Union-Industry Pension (“National Fund”) to completely withdraw from the National Fund effective as of June 30, 2020 and entered into a Memorandum of Understanding (“MOU”) with nine UFCW local unions to establish a Variable Annuity Pension Plan (the “VAPP”), effective as of July 1, 2020, providing for future service and benefits for Albertsons Cos. associates. This agreement needed to be ratified by the nine local unions. Albertsons Cos. announced today that the Agreement and MOU have been ratified by all nine UFCW local unions.

Posted On: November 30, 2020
Albertsons Companies Implements Contactless Temperature and Health Screening across All Facilities

Associates and vendors working in any Albertsons Companies location to get enhanced health screening including contactless temperature checks  

BOISE, ID – November 24, 2020 – Albertsons Companies announced today that it has taken another step in enhancing its safe environment by implementing a contactless temperature check and health screening solution for associates and vendors. The new technology, now being deployed across all Albertsons Companies locations, enables a safer and more reliable health screening process for those who work in their stores and facilities. 

After extensive testing and process refinements, the sele

Posted On: November 24, 2020
Albertsons Companies incorporates SNAP EBT payments at nearly 200 Drive Up & Go locations

The convenience and ease of online shopping service offered to more customers at select Drive Up & Go locations nationwide

BOISE, Idaho – November 19, 2020 – Albertsons Companies is bringing the easy option of online grocery shopping to more customers by accepting SNAP EBT payments for Drive Up & Go orders placed through its websites and apps. 

“We are so excited to extend the ease of Drive Up & Go to more customers,” said Chris Rupp, EVP and Chief Customer & Digital Officer. “Customers love the convenience of contactless shopping, and now even more of our neighbors can take advantage of the benefits of digital grocery shopping.” 

Posted On: November 19, 2020
Albertsons Companies pharmacies to partner with HHS to provide COVID-19 vaccine

Trained pharmacists in company’s 1,700+ pharmacy locations stand ready to safely administer vaccine

BOISE, Idaho – Nov. 12, 2020 – Through the Federal Pharmacy Partnership Strategy for COVID-19 Vaccination, Albertsons Companies pharmacies will receive a direct allocation of COVID-19 vaccine once it is authorized or approved and recommended for use in the United States. 

Posted On: November 12, 2020
Wine Enthusiast honors Albertsons Companies as its 2020 Retailer of the Year

Company recognized for “its excellence in bringing the world of wine, beer and spirits to people in a grocery store setting”

BOISE, Idaho – November 12, 2020 – Albertsons Companies has been named the 2020 Retailer of the Year by Wine Enthusiast magazine.

“On behalf of our talented wine, beer, and spirits teams all across the country, we are deeply honored by this recognition,” said Curtis Mann, GVP of Alcohol at Albertsons Companies. “We work so hard to curate unique offerings that set us apart as a marquee destination for wine, beer, and spirits.”

Posted On: November 12, 2020
The innovators behind the award-winning wines and spirits at Albertsons Companies’ Own Brands

If you’ve enjoyed the quality of an Albertsons Companies Own Brands alcoholic beverage recently, it’s probably thanks to the dynamic duo that’s driving the Own Brands wine and spirits team: Maryrose Rinella and Jose Rodriguez. They are the experts behind the more than 50 brands and 140 SKUs (and growing) that make up the Own Brands wine, beer, and spirits category.

Check out the list below of some of the recent accolades their products have received!  

Posted On: November 4, 2020
Albertsons Companies thanks generous customers for record-breaking donations toward Nourishing Neighbors childhood hunger relief

Customers donated $9.3 million at checkstands in September to enable 37.5 million healthy breakfasts; company and customer donations have now topped $110 million in 2020

BOISE, Idaho – October 29, 2020 – Thanks to the generosity of customers, the Albertsons Companies Nourishing Neighbors community relief fund raised a record $9.3 million in its September campaign to provide healthy breakfasts for children in need across its market areas. The funds – raised at the register and directed to local organizations in each store’s community – will enable 37.5 million breakfasts throughout the country.

Posted On: October 29, 2020
Albertsons Companies Appoints Mary Beth West to Board of Directors

BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies, Inc. (NYSE: ACI) (the "Company") today reported results for the second quarter of fiscal 2020, which ended September 12, 2020.

Second Quarter of Fiscal 2020 Highlights

  • Identical sales growth of 13.8%
  • Digital sales growth of 243%
  • Diluted net income per share of $0.49; Adjusted net income per share of $0.60
  • Net income of $284.5 million
  • Adjusted EBITDA of $948.4 million, an increase of 67% compared to the second quarter last year
  • Debt refinancing and paydown transactions to deliver approximately $52 million in annualized interest savings

     

Posted On: October 29, 2020
Albertsons Companies Appoints Mary Beth West to Board of Directors

BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies, Inc. (NYSE: ACI) (the "Company") today reported results for the second quarter of fiscal 2020, which ended September 12, 2020.

Second Quarter of Fiscal 2020 Highlights

  • Identical sales growth of 13.8%
  • Digital sales growth of 243%
  • Diluted net income per share of $0.49; Adjusted net income per share of $0.60
  • Net income of $284.5 million
  • Adjusted EBITDA of $948.4 million, an increase of 67% compared to the second quarter last year
  • Debt refinancing and paydown transactions to deliver approximately $52 million in annualized interest savings

     

Posted On: October 29, 2020
Albertsons Companies Introduces Contactless Payment to Make Checkout Easy

Complements existing tap-to-pay options at checkstand

Boise, ID – October 19, 2020 - Albertsons Companies Inc. (NYSE: ACI) today introduced Albertsons Pay, a new zero-touch checkout experience available through its updated just for U loyalty app.  Albertsons Pay provides shoppers with a safe, secure, and contact-free way to pay, use discounts, and earn rewards all at the same time.

The new technology is available in all Albertsons Cos. stores, including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, Star-Market, Acme, Tom Thumb, Randalls, United Supermarkets, and Carrs.

Posted On: October 19, 2020
Albertsons Companies unveils PickUp lockers as newest addition to e-Commerce lineup

New contactless locker PickUp promises another easy option for customers to fulfill online orders; Joins lineup of existing Delivery and Drive Up & Go™ services

BOISE, Idaho – October 19, 2020 – Albertsons Companies (NYSE: ACI) today announced that it is piloting PickUp lockers in select Chicago Jewel-Osco and Bay Area Safeway stores as the newest easy fulfillment option for e-Commerce orders made through the company’s websites and apps.

Posted On: October 19, 2020
Albertsons Companies named Retailer of the Year by Store Brands magazine for its Own Brands success

Recognition caps off series of recent honors for the company’s award-winning Own Brands team

BOISE, ID, OCTOBER 16, 2020 – Store Brands magazine has recognized Albertsons Companies (NYSE: ACI) “Retailer of the Year” for 2020.

“For its past success, as well as its future plans with store brands, Store Brands is recognizing Albertsons as its 2020 Retailer of the Year,” the magazine wrote in its October edition. “Albertsons’ goals with store brands are high, but there are many reasons to see the chain reaching them.”

Posted On: October 16, 2020
Albertsons Companies Announces First Common Stock Dividend

BOISE, Idaho, Oct. 14, 2020 (GLOBE NEWSWIRE) -- Albertsons Companies, Inc. (NYSE: ACI) (the “Company”) today announced its Board of Directors has declared a cash dividend for the third quarter of 2020 of $0.10 per share of Class A common stock and Class A-1 common stock. The cash dividend is consistent with the Company’s dividend policy established in connection with its initial public offering. The cash dividend is payable on November 10, 2020 to stockholders of record as of the close of business on October 26, 2020.

The Company’s comprehensive capital allocation strategy leverages the Company’s strong and consistent levels of free cash flow to drive profitable growth, maintain a strong balance sheet and create value for shareholders, including through the payment of dividends.

Posted On: October 14, 2020
ACME Markets Posts Winning Bid in Auction for 27 Kings Food Markets and Balducci’s Food Lover's Markets

October 14, 2020 – MALVERN, PA – ACME Markets, Inc., a division of Albertsons Companies, Inc., (NYSE: ACI) announced today it was the successful bidder for 27 Kings Food Market and Balducci’s Food Lover’s Market locations. The transaction, which is still subject to customary regulatory and court approvals including the approval of the Federal Trade Commission, is expected to close later this fiscal year. 

Posted On: October 14, 2020
Albertsons Companies Announces Second Quarter Earnings Release and Conference Call Date

BOISE, Idaho, Oct. 06, 2020 (GLOBE NEWSWIRE) -- Albertsons Companies, Inc. (NYSE: ACI) will release financial results for the second quarter of fiscal 2020, which ended September 12, 2020, before the market opens on Tuesday, October 20, 2020. ACI will host a conference call that day at 8:30 a.m. Eastern Time, which will include a brief discussion of the results followed by a question and answer session. The conference call will be available at the following address by accessing the "Events & Presentations" link included therein:

Posted On: October 6, 2020
Albertsons Cos. shoppers, gather around for this riff; About an exclusive wine advent calendar that makes a great gift

BOISE, Idaho – October 1, 2020 –

‘Twas the months before Christmas, when all through the land,
Albertsons Cos. stepped up to lend a hand;
For the grown-ups were pent-up for far, far too long,
And wanted to end 2020 with a proper swan song...

Posted On: October 1, 2020
Albertsons Companies and FishWise Dive into National Seafood Month with a Splash

BOISE, Idaho and SANTA CRUZ, Calif. — September 30, 2020 — Albertsons Companies and FishWise honor October’s National Seafood Month by shining a spotlight on a collaborative project focused on improving seafood traceability.

Posted On: September 30, 2020
Albertsons Companies partners with Phosphorus to offer at-home COVID-19 saliva test kits

No appointment, no line, no uncomfortable nasal swab 
 
BOISE, Idaho and NEW YORK, NY — Albertsons Companies announced today that it has partnered with Phosphorus to begin offering at-home COVID-19 test kits in select market areas, with plans to expand the offering throughout September and October. 

Posted On: September 9, 2020
Albertsons Companies pharmacies introduce child vaccination services to fill critical gap in care caused by COVID-19

Emergency HHS declaration allows increased access to childhood immunizations, including the annual flu vaccine, at more than 1,700 Albertsons Cos. pharmacies nationwide

BOISE, Idaho — September 2, 2020 — Albertsons Companies pharmacies nationwide are stepping up to fill a gap in child wellness services created by the COVID-19 pandemic.

Children typically receive important immunizations – including the annual flu vaccine – at regular well-child visits with their primary care physician. Due to challenges posed by the pandemic, those visits have decreased. With the support of a declaration by the U.S. Department of Health and Human Services, Albertsons Cos. pharmacies are expanding their immunization practice to serve children as young as three years old.

Posted On: September 2, 2020
Albertsons Companies’ Nourishing Neighbors launches major fundraising drive to provide healthy breakfasts for children in need

Campaign joins with customers to fund millions of breakfasts; effort builds on nearly $100 million raised for hunger relief in 2020 alone

BOISE, Idaho — Sept. 1, 2020 — Every child deserves a healthy breakfast. Every day. 

That’s the stand taken by Albertsons Companies’ Nourishing Neighbors community relief fund, which throughout September will enable customers to donate money to help provide millions of healthy breakfasts for children in the communities they serve.

“Breakfast is an essential school supply for kids to learn, grow, and thrive,” said Albertsons Cos. Foundation President and Executive Director Christy Duncan Anderson. “In partnership with our generous customers, we’re proud to be one of the largest contributors to food banks and hunger-relief programs in the neighborhoods we serve.”

Posted On: September 1, 2020
Albertsons Companies to Host Interactive Webcast Series for Investors

BOISE, Idaho, Aug. 20, 2020 (GLOBE NEWSWIRE) -- Albertsons Companies, Inc. (NYSE: ACI) announced today that it will be hosting an interactive webcast series highlighting key aspects of its business and showcasing its unique capabilities, offerings and initiatives to fuel future growth.

The new webcast series, “Albertsons Insights”, will begin on Thursday, August 27, 2020 at 11 am ET with an overview of Albertsons’ labor relations and its participation in multiemployer pension plans. It will feature a conversation moderated by Melissa Plaisance, GVP – Treasury & Investor Relations with Bob Dimond, EVP & CFO and Dan Dosenbach, SVP, Labor Relations, followed by a question and answer session.

Posted On: August 20, 2020
Albertsons Companies Partners with Plenty to Offer Indoor-Grown Greens Across Its California StoresCollaboration Will Eventually Expand Plenty’s Produce to More than 430 Stores

BOISE, Idaho & SOUTH SAN FRANCISCO, Calif. --Albertsons Companies, Inc. (NYSE: ACI) and vertical-farming company Plenty Unlimited Inc. today announced an agreement that plans to provide shoppers in more than 430 stores across California with Plenty’s fresh and flavorful produce.

Posted On: August 13, 2020
Albertsons Companies, Inc. Announces Pricing of Its Upsized Senior Notes Offering

BOISE, ID, Aug. 11, 2020 -- Albertsons Companies, Inc. (NYSE: ACI) (the “Company”) today announced the pricing of its upsized private offering of $750 million in aggregate principal amount of new 3.250% senior notes due 2026, issued at par (the “2026 Notes”) and $750 million in aggregate principal amount of the new 3.500% senior notes due 2029, issued at par (the “2029 Notes” and together with the 2026 Notes, the “New Notes”). The Company and its subsidiaries, Safeway Inc., New Albertsons L.P. and Albertson’s LLC, will be co-issuers of the New Notes. The offering is expected to close on or about August 31, 2020, subject to customary closing conditions.

Posted On: August 11, 2020
Albertsons Companies, Inc. Announces Proposed Senior Notes Offering

BOISE, ID, Aug. 11, 2020 -- Albertsons Companies, Inc. (NYSE: ACI) (the "Company") today announced its intention to offer $1,250 million in aggregate principal amount of new senior notes due 2026 and new senior notes due 2029 (collectively, the "New Notes"). The Company and its subsidiaries, Safeway Inc., New Albertsons L.P. and Albertson's LLC, will be co-issuers of the New Notes.

Posted On: August 11, 2020
Albertsons Companies, Inc. Reports First Quarter Results

Boise, ID - July 27, 2020

Albertsons Companies, Inc. (NYSE: ACI) (the "Company") today reported results for the first quarter of fiscal 2020, which ended June 20, 2020.

First Quarter of Fiscal 2020 Highlights

  • Identical sales growth of 26.5%
  • Digital sales growth of 276% 
  • Diluted net income per share of $1.00; Adjusted net income per share of $1.35
  • Net income of $586 million
  • Adjusted EBITDA of $1.7 billion, an increase of 93% compared to the first quarter last year
  • COVID-19 related investments of approximately $615 million to support and protect our front-line associates and customers, including more than $275 million in appreciation pay and $53 million for hunger relief in our communities
Posted On: July 27, 2020
Albertsons Companies Announces Tentative Agreement with UFCW Local Unions Regarding Pension Benefits for Associates

Will establish new plan to safeguard benefits for associate

BOISE, ID – July 21, 2020 - Albertsons Companies, Inc. (NYSE: ACI) announced today that it has entered into a tentative agreement with the trustees of the United Food and Commercial Workers International Union (“UFCW”) Union-Industry Pension Fund (“National Fund”), providing that ACI will permanently cease to have any obligation to contribute to the National Fund, a multiemployer pension plan, and will completely withdraw from the National Fund, effective as of June 30, 2020. ACI and the UFCW local unions have entered into a Memorandum of Understanding (MOU) that will instead establish a Variable Annuity Pension Plan (the “VAPP”), effective as of July 1, 2020, providing for future security and service benefits for ACI associates.

Posted On: July 21, 2020
Albertsons Companies Requiring Customers to Wear Face Coverings

Throughout this pandemic, the health and safety of everyone who walks through our doors has been our top priority. We require our associates to wear masks, and across a majority of our stores we already require customers to wear face coverings to comply with local ordinances. Effective July 21, 2020, we will require customers across all of our locations to wear face coverings when shopping with us, for their protection and for that of our associates. We appreciate everyone’s diligence, cooperation, and support as we all work together to get through these difficult times as safely as possible.

 

 

Posted On: July 20, 2020
Albertsons Companies Introduces 13 New Ice Cream Varieties, Plant-Based Frozen Desserts, and Sorbets from Open Nature and Signature Select Brands

Throughout this pandemic, the health and safety of everyone who walks through our doors has been our top priority. We require our associates to wear masks, and across a majority of our stores we already require customers to wear face coverings to comply with local ordinances. Effective July 21, 2020, we will require customers across all of our locations to wear face coverings when shopping with us, for their protection and for that of our associates. We appreciate everyone’s diligence, cooperation, and support as we all work together to get through these difficult times as safely as possible.

 

 

Posted On: July 17, 2020
Albertsons Companies Named "Retailer of the Year" by Supermarket News

BOISE, ID, July 10, 2020 (GLOBE NEWSWIRE) -- Supermarket News magazine has named Albertsons Companies (NYSE: ACI) "Retailer of the Year" for 2020. The annual honor is chosen by the SN editorial team and goes to the grocery retailer that best exemplifies a spirit of innovation and excellence.

Posted On: July 10, 2020
Albertsons Companies Own Brands Celebrates Sustainability Milestone: 100% of waterfront BISTRO® and Open Nature® Seafood Will Soon Display the Responsible Choice™ Logo for Sustainable Sourcing

BOISE, ID — June 30, 2020 — Albertsons Companies (NYSE: ACI) announced today that 100 percent of the seafood in its celebrated waterfront BISTRO® and Open Nature® lines of Own Brands products will soon display the Responsible Choice™ logo for sustainable sourcing.

Posted On: June 30, 2020
Community Statement

To our Albertsons Companies Community –

Courtesy. Dignity. Respect. Whether we interact with you in a store or online, those three values form the core of who we are. And if we ever fall short, we do our best to make it right and seize the opportunity to be better. Across Albertsons Companies, we aim to treat everyone the way we want to be treated.

Posted On: June 30, 2020
Albertsons Companies Announces Pricing of Initial Public Offering

BOISE, Idaho, June 25, 2020 -- Albertsons Companies, Inc. ("Albertsons" or the "Company") announced today that its initial public offering of 50,000,000 shares of its common stock had been priced at $16.00 per share (the "Offering"). All of the shares are being sold by certain of its stockholders. In connection with the Offering certain of the selling stockholders have also granted the underwriters a 30-day option to purchase an aggregate of 7,500,000 shares of the Company's common stock.

Posted On: June 25, 2020
Albertsons Companies Announces Launch of Initial Public Offering

BOISE, Idaho, June 18, 2020 (GLOBE NEWSWIRE) -- Albertsons Companies, Inc. ("Albertsons" or the "Company") announced today the commencement of an initial public offering of 65,800,000 shares of its common stock to be sold by certain of its stockholders, at an anticipated initial public offering price between $18 and $20 per share, pursuant to a registration statement on Form S-1 previously filed with the U.S. Securities and Exchange Commission (the "SEC"). The Company is not selling any shares pursuant to the common stock offering. In connection with the offering, certain of the selling stockholders expect to grant the underwriters a 30-day option to purchase an aggregate of 9,870,000 shares of the Company's common stock. The Company has been approved to list its common stock on the New York Stock Exchange (NYSE) under the ticker symbol "ACI". 

Posted On: June 18, 2020
Albertsons Companies Commits $5 Million to Social Justice

BOISE, Idaho June 10, 2020 – Albertsons Companies today announced a $5 million donation to social justice organizations as well as those on the front line of the fight for equality.

Posted On: June 10, 2020
From the Desk of Vivek Sankaran to the Albertsons Companies Team - Courtesy, Dignity and Respect - A Foundational Principle

Team,

For months, it has felt like nothing could take the country’s collective focus off the COVID-19 crisis. Then, a stream of tragic stories with graphic videos and an all-too-familiar theme emerged again. Over the weekend, we have all witnessed the community outrage provoked by a long history of racism in our country reaching a boiling point due to the recent and senseless killing of George Floyd. The impact of these events has arrived at our doors.  We have closed some facilities on the advice of local law enforcement – and have seen a few of our stores damaged by rioters. We will fix these stores and be back in business soon, but we have a more important agenda that demands our collective attention immediately.

Posted On: June 5, 2020

Albertsons Companies announces $1.75 billion preferred equity investment led by Apollo Global Management

BOISE, Idaho, May 20, 2020 (GLOBE NEWSWIRE) - Albertsons Companies, Inc. (the "Company”) today announced that funds (the “Apollo Funds”) managed by affiliates of Apollo Global Management, Inc. (“Apollo”) have led the purchase of $1.75 billion of convertible preferred stock of Albertsons Companies (the "Preferred Stock"). Following a repurchase of a portion of the common stock owned by the Company's current shareholders, on an as-converted basis the Preferred Stock will represent approximately 17.5% of pro forma common stock outstanding. The transaction is expected to close by June 15, 2020, subject to customary closing conditions.

Posted On: May 20, 2020

Albertsons Companies Appoints  Dan Dosenbach Senior Vice President of Labor Relations

Boise, ID – May 12, 2020 – Albertsons Companies has promoted from within its deep bench of highly experienced labor relations leaders to fill new roles within its Labor Relations leadership team.

Posted On: May 13, 2020
Albertsons Companies Names Juliette Pryor EVP and General Counsel

 

Boise, Idaho, May 04, 2020 -- Albertsons Companies announced today that Juliette Pryor has been named Executive Vice President and General Counsel and will join the company’s Senior Leadership Team, effective June 15, 2020.

Posted On: May 4, 2020
Albertsons Companies, Inc. Reports Fourth Quarter and Full Year Results

BOISE, Idaho, April 30, 2020 -- Albertsons Companies, Inc. (the "Company") today reported results for the fourth quarter of fiscal 2019 and full year fiscal 2019, which ended February 29, 2020 and included 13 and 53 weeks, respectively. The Company also provided a fiscal 2020 outlook and an update on the business in response to the COVID-19 pandemic.

Posted On: April 30, 2020
Albertsons Companies Commits Additional $50 Million to Community Hunger Relief in Response to COVID-19 Pandemic

BOISE, Idaho April 22, 2020 – Albertsons Companies today announced a $50 million commitment to hunger relief across the 2,200+ neighborhoods it serves in 34 states and the District of Columbia through its Nourishing Neighbors Community Relief campaign.

Posted On: April 22, 2020
Albertsons and UFCW Launch Joint Effort To Classify Grocery Workers as First Responders During Coronavirus Outbreak

WASHINGTON, D.C. – Today, Albertsons Companies stores — including Safeway, ACME Markets, Jewel Osco, Vons, Pavilions, and Albertsons supermarkets — joined the United Food and Commercial Workers International Union (UFCW), America’s largest food and retail union, in announcing a joint national effort to seek a temporary designation of “extended first responders” or “emergency personnel” for supermarket associates to ensure that they are prioritized for testing and provided personal protection equipment during the coronavirus outbreak.

Posted On: April 7, 2020
Albertsons Companies Implements Social Distancing Protocol across All Stores

BOISE,Idaho, — March 23, 2020 – Albertsons Companies today announced that the company has begun implementing Social Distancing protocols across all 2,200+ stores. The goal with the protocol throughout the store is to follow guidance from the CDC to prevent customers from being within 6 feet of any other person for more than 10 minutes. Customers should see changes continue over the next week.

Posted On: March 23, 2020
Albertsons Companies Partners with Major Businesses to Offer Part-Time Jobs to their Furloughed Employees

BOISE, Idaho —March 23, 2020— Throughout the country, businesses have been forced to close or scale back operations, furlough employees or reduce hours due to the COVID-19 crisis. Albertsons Companies is in a unique position to help and is partnering with major companies to provide part-time jobs to their employees who have been furloughed or had their hours cut.

Posted On: March 23, 2020
Albertsons Companies Announces Appreciation Pay for Front Line Associates

BOISE, Idaho, — March 20, 2020 – Albertsons Companies today announced an Appreciation Pay program to all non-union and union frontline associates. Structured to recognize the hard-working team members on the front lines, the company’s e-commerce pickers and drivers, store associates, distribution center associates and manufacturing plant associates will receive a temporary $2 per-hour-worked increase, above and beyond their regular hourly pay and overtime. 

Posted On: March 20, 2020
Albertsons Companies installing Plexiglas at checkstands to help protect customers and employees

BOISE, Idaho, — March 20, 2020 – As an added precaution during the ongoing COVID-19 outbreak, Albertsons Companies is installing Plexiglas in its checkout lanes as a protective barrier between customers and checkers. The Plexiglas “sneeze guards” will be installed in the company’s 2,200+ stores over the next two weeks, with many locations being complete in the next several days.

Posted On: March 20, 2020
Albertsons Companies Pharmacies Waive Fees for Prescription Delivery Services

BOISE, Idaho — March 20, 2020 — Albertsons Companies announced today it will waive delivery fees for same-day and next-day deliveries, as well as for mail deliveries until May 1, 2020 to help customers have convenient access to their medications during the COVID-19 pandemic that is taking a toll on public health and safety.

Posted On: March 20, 2020
A Message from Vivek Sankaran at Albertsons Companies: Continuing to Serve You

To our valued customers and neighbors,

Like you, we are closely monitoring the Coronavirus pandemic, and acting as quickly as possible to continue serving you to the best of our ability, both in-store and through our various delivery options.

Posted On: March 20, 2020
Albertsons Companies Promotes Evan Rainwater to EVP, Supply Chain & Manufacturing

Boise, Idaho, March 19, 2020 – Albertsons Companies announced today that Evan Rainwater has been promoted to Executive Vice President of Supply Chain & Manufacturing.

Posted On: March 19, 2020
Albertsons Companies and Albertsons Companies Foundation Pledge $3 Million and Launch Major Fundraiser to Fight Hunger During COVID-19 Crisis

BOISE, Idaho, March 18, 2020 - Albertsons Companies and Albertsons Companies Foundation have announced a pledge of $3 million and the launch of a major fundraiser to help feed families in need during the COVID-19 crisis

Posted On: March 18, 2020
Helping Our Senior Citizens and Vulnerable Neighbors

As the situation around Coronavirus continues to unfold, Albertsons Companies’ 2,200+ stores nationwide are setting aside dedicated shopping hours for senior citizens and other at-risk populations, such as pregnant women or those with compromised immune systems, who have been advised to avoid leaving home as much as possible.

Posted On: March 17, 2020
A Note to our Customers from Vivek Sankaran at Albertsons Companies: Steps We are Taking at Your Grocery Store

To our valued customers and neighbors,

At Albertsons Companies, we know the important roles our store and pharmacy play in your life and we are grateful for the trust you put in us for your needs. As the situation around Coronavirus has developed, we have been and will continue to monitor all information locally, nationally and globally so we can plan how to best serve you. I wanted to take a moment to share some of the things our team is doing.

Posted On: March 13, 2020
Albertsons Companies Files Registration Statement for Proposed Initial Public Offering

BOISE, ID – March 6, 2020 - Albertsons Companies, Inc. announced today that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission for a proposed initial public offering consisting of common stock to be sold by certain of its stockholders and the issuance by the company of Series A mandatory convertible preferred stock.

Posted On: March 6, 2020
Albertsons Companies Responds to Reporters regarding United Food and Commercial Workers Locals 400 & 27 Media Statements

Over the last several weeks, our Eastern division Safeway team has been working hard to negotiate an agreement with UFCW Locals 400 & 27 (hereinafter “the Unions”) that represent 10,400 dedicated Safeway associates in the Washington D.C., Virginia & Maryland area.

Posted On: March 2, 2020
Albertsons Companies, Inc. Reports Third Quarter Results

BOISE, Idaho, Jan. 07, 2020 (GLOBE NEWSWIRE) -- Albertsons Companies, Inc. (the "Company") today reported results for the third quarter of fiscal 2019, which ended November 30, 2019.

Third Quarter of Fiscal 2019 Highlights

  • Identical sales growth of 2.7%; marked the eighth consecutive quarter of identical sales growth
  • Net income of $55 million
  • Adjusted EBITDA of $634 million, slightly ahead of our expectations
  • Own Brands sales penetration reached a new high of 25.6%
  • Online home delivery and Drive Up and Go sales growth of 34%
  • Just for U registrations and digital coupon redemptions up 25% and 31%, respectively
Posted On: January 7, 2020
Albertsons Companies Introduces 1-2 Hour Prescription Delivery

BOISE, ID — December 19, 2019 — Patients can now get prescription delivery in as little as 1-2 hours at select Albertsons Companies pharmacies in Louisiana, Texas and the District of Columbia, decreasing the time they must wait to receive critical medications.

Posted On: December 19, 2019
Albertsons Companies and Takeoff Technologies Develop Strategic Partnership Focused on the Future of Grocery E-Commerce

BOISE, Idaho, December 12, 2019 – Albertsons Companies and Takeoff Technologies are teaming up to collaborate on the future of grocery micro-fulfillment centers (MFC). The two companies have decided to form a strategic partnership with dedicated teams to collaborate on the evolution of the microfulfillment capabilities to drive the future of e-commerce order fulfillment.

Posted On: December 12, 2019
Albertsons Companies’ debi lilly design™ Helps Shoppers Give Gifts of Food, Clean Water, and Shoes to People in Need Around the World

BOISE, Idaho — November 20, 2019 — Albertsons Companies’ exclusive debi lilly design™ line of floral and home décor is transforming the gift of flowers into the gift of hope.

Posted On: November 20, 2019
Albertsons Companies Appoints Chris Rupp EVP & Chief Customer & Digital Officer

Boise, Idaho, November 18, 2019 – Albertsons Companies announced today that Chris Rupp has been named EVP & Chief Customer & Digital Officer, effective December 3, 2019. Rupp joins Albertsons Cos. from Microsoft Corporation, where she most recently served as General Manager of the company’s Xbox Business Engineering team.

Posted On: November 18, 2019
Albertsons Companies unveils new vision for Plated as it joins lineup of popular Own Brands

BOISE, Idaho — Albertsons Companies is strategically shifting the future of the Plated brand from a dinner-based subscription solution to a comprehensive in-house culinary brand that will join the company’s lineup of popular private label products.

Posted On: November 12, 2019
Albertsons Companies, Inc. Announces Proposed Senior Notes Offering

November 7, 2019 – Boise, ID – Albertsons Companies, Inc. (the “Company”) today announced its intention to offer $500 million in aggregate principal amount of senior notes due 2027 (the “Notes”).  The Company and its subsidiaries, Safeway Inc., New Albertsons L.P. and Albertson’s LLC, will be co-issuers of the Notes.

Posted On: November 7, 2019
Albertsons Companies and Albertsons Companies Foundation Hunger Is Results by the Numbers: 100 million breakfasts, 200,000 Kids and 1 Goal — Eradicate Childhood Hunger

BOISE, Idaho — October 23, 2019 — Hunger Is started in 2014 as a radical aspiration to eradicate childhood hunger – an issue far too common in countless communities across the country.  Each year, the annual campaign grew bigger and our stores and teams inspired more people to join in our mission.

Posted On: October 24, 2019
Albertsons Companies, Inc. Reports Second Quarter Results

BOISE, Idaho, Oct. 16, 2019 -- Albertsons Companies, Inc. (the "Company") today reported results for the second quarter of fiscal 2019, which ended September 7, 2019.

Posted On: October 16, 2019
Albertsons Companies Pharmacies Help Keep Families Healthy for the 2019-2020 Flu Season

BOISE, Idaho — October 11, 2019 — With the weather turning colder and the holidays around the corner, Albertsons Companies pharmacies are offering flu shots for free with most insurance, with no appointment necessary.

Posted On: October 11, 2019
Albertsons Companies Pharmacies Switch to Recycled Prescription Bags

BOISE, Idaho, Oct. 04, 2019  -- Albertsons Companies pharmacies are swapping white for brown as they transition from traditional white prescription bags to a new recycled brown bag at 1,700+ locations across the United States. The switch to the more sustainable bag is expected to save more than 5,000 trees annually.

Posted On: October 4, 2019
Albertsons Companies Receives EPA Safer Choice Partner of the Year Award for the Third Year

BOISE, Idaho — September 25, 2019 —The U.S. Environmental Protection Agency (EPA) today awarded Albertsons Companies the esteemed Safer Choice Partner of the Year Award for leadership in furthering safer chemistry and increasing awareness of safer chemicals for consumer products.

Posted On: September 25, 2019
Albertsons Companies revamps frozen Own Brands lineup, transforms traditional favorites with new benefits, formats, flavors

BOISE, Idaho — September 23, 2019 — Seizing on consumer demand in frozen meals, Albertsons Companies has revamped its lineup of Own Brands entrees with 55 new items, from organic plant-based meals for the
“flexitarian” to premium high-protein power bowls and more.

Posted On: September 23, 2019
Geoff White Named EVP & Chief Merchandising Officer of Albertsons Companies

BOISE, Idaho – September 10, 2019 – Albertsons Companies has promoted Own Brands President Geoff White to Executive Vice President and Chief Merchandising Officer.Merchandising Officer, Albertsons Companies

Posted On: September 10, 2019
Albertsons Companies and Albertsons Companies Foundation Begin Sixth-Annual Hunger Is Campaign to Raise Money for Breakfast Programs for Kids

BOISE, Idaho — September 4, 2019 — After raising $30.2 million since 2014 to transform the lives of 200,000 children in need, Albertsons Companies and Albertsons Companies Foundation are once again teaming up with their customers across the country to help make sure every kid starts the day with a healthy breakfast

Posted On: September 4, 2019
Shane Sampson to Leave Albertsons Companies

Boise, Idaho, August 19, 2019 – Albertsons Companies announced today that Shane Sampson, Executive Vice President and Chief Marketing & Merchandising Officer, has decided to leave the company at the end of its second fiscal quarter on September 7, 2019.  The company has launched a search for a successor.

Posted On: August 19, 2019
Albertsons Drops Claims against Local Bakery & Growler Businesses

Boise, Idaho, August 8, 2019 – Albertsons Companies today announced that it has dismissed Granny C’s and CopenRoss Growlers from its lawsuit filed July 30, 2019 regarding use of properties in the Hillcrest Shopping Center.

Posted On: August 8, 2019
Albertsons Companies Appoints Mike Theilmann EVP & Chief Human Resources Officer

Boise, Idaho, August 5, 2019 – Albertsons Companies announced today that Mike Theilmann has been named EVP & Chief Human Resources Officer, effective August 19, 2019. 

Posted On: August 5, 2019
Albertsons Companies Appoints Gineal Davidson as Portland Division President

Boise, Idaho, August 2, 2019 – Albertsons Companies announced today that Gineal Davidson has been named President of the company’s Portland division, which operates over 140 stores in Oregon and Washington.

Posted On: August 2, 2019
Albertsons Companies, Inc. Announces Pricing of Its Senior Notes Offering

Company Release - 8/1/2019 4:58 PM ET

BOISE, Idaho, Aug. 01, 2019
(GLOBE NEWSWIRE) -- Albertsons Companies, Inc. (the “Company”) today announced the pricing of its upsized private offering of $750 million in aggregate principal amount of new 5.875% senior notes due 2028 (the “Notes”). The Notes will be issued at par value. This represents a $250 million increase in the original offering amount. The Company and its subsidiaries, Safeway Inc., New Albertsons L.P. and Albertson’s LLC, will be co-issuers of the Notes. The offering is expected to close on or about August 15, 2019, subject to customary closing conditions.

Posted On: August 1, 2019
Albertsons Companies, Inc. Announces Proposed Senior Notes Offering

Company Release - 8/1/2019 8:50 AM ET

BOISE, Idaho, Aug. 01, 2019 (GLOBE NEWSWIRE) -- Albertsons Companies, Inc. (the “Company”) today announced its intention to offer $500 million in aggregate principal amount of senior notes due 2028 (the “Notes”).  The Company and its subsidiaries, Safeway Inc., New Albertsons L.P. and Albertsons’s LLC, will be co-issuers of the Notes.

Posted On: August 1, 2019
Albertsons Companies Appoints Jonathan Gardner as Group Vice President, Strategic Sourcing & Promotes David Nelsen to Group Vice President, Manufacturing

Boise, Idaho, July 29, 2019 – Albertsons Companies announced today that Jonathan Gardner has been named its new Group Vice President of Strategic Sourcing. In this new position, Gardner will report to Evan Rainwater, Senior Vice President, Strategic Sourcing and Manufacturing. Additionally, the company has promoted David Nelsen to Group Vice President of Manufacturing.

Posted On: July 29, 2019
Albertsons Companies Pharmacies Ready with Flu Vaccine for 2019-2020 Flu Season

BOISE, ID — July 29, 2019 — Albertsons Companies pharmacies are alerting U.S. communities that all 1,700+ locations across the U.S. are stocked with the flu vaccine and ready to immunize for the 2019-20 flu season. With flu season just around the corner, getting the flu vaccine as soon as it becomes available is the best way to prevent getting and spreading the flu virus.

Posted On: July 29, 2019
Albertsons Companies, Inc. Reports First Quarter Results

BOISE, Idaho, July 24, 2019 (GLOBE NEWSWIRE) -- Albertsons Companies, Inc. (the "Company") today reported results for the first quarter of fiscal 2019, which ended June 15, 2019.

  • Identical sales increased 1.5%
  • Adjusted EBITDA increased 7.5% to $877 million compared to last year
  • Net income of $49.0 million compared to a net loss of $17.7 million last year
  • Own Brands sales penetration reached 25.3%
  • Digital and eCommerce sales grew 33%
  • Net debt leverage reduced to 3.3x at end of first quarter
Posted On: July 24, 2019
Albertsons Companies Announces Enhancements to its On-line Grocery Delivery Websites and Mobile Applications That Will Benefit Shoppers with Visual Impairments

BOISE, Idaho, July 3, 2019 — Albertsons Companies today announced an initiative to make its online grocery shopping websites and mobile applications more accessible and usable for shoppers with disabilities.

Posted On: July 3, 2019
Albertsons Companies Elevates the Store Checkout Experience with Toshiba

BOISE, Idaho and RESEARCH TRIANGLE PARK, N.C. – June 18, 2019 – Albertsons Companies, one of the largest food and drug retailers in the United States, is empowering consumers with fast and convenient in-store checkout experiences by implementing Toshiba Global Commerce Solutions’ self-checkout systems. By leveraging Toshiba’s focus on front-end store optimization, Albertsons Cos. expects checkout times to speed up – from wait time in line to payment – to improve operational throughput and reduce shopper interventions, with the ultimate goal of improving the customer’s grocery store experience.

Posted On: June 18, 2019
Albertsons Companies Fulfills Pledge to End Use of Eel (Unagi) in Sushi 3½ Years Ahead of Planned Deadline

BOISE, Idaho – June 6, 2019 – Albertsons Companies, an industry leader in seafood sustainability, announced today that it completed the phase-out of freshwater eel (unagi) from sushi products 3½ years ahead of its
self-imposed deadline of year-end 2022.

Posted On: June 6, 2019
‘Not your parents’ store brand anymore’: Albertsons Companies elevates Signature SELECT® with new look and innovation

BOISE, Idaho — May 22, 2019 — Albertsons Companies’ Signature SELECT® brand is amping up its presence across stores with the addition of more than 300 new products and updated branding in 2019.

Posted On: May 22, 2019
Albertsons Companies Announces Interim Results of the Safeway Inc. and New Albertsons L.P. Tender Offers and the Extension of the Early Tender Date and the Expiration Date

BOISE, Idaho, May 20, 2019 – Albertsons Companies, Inc. (the "Company" or "Albertsons") today announced the interim tender results for the previously announced tender offers (each offer a "Tender Offer" and collectively, the "Tender Offers") by its wholly-owned subsidiaries Safeway Inc. ("Safeway") and New Albertsons L.P. ("NALP" and, together with Safeway, the "Offerors"), to purchase for cash the debt securities listed in the table below (collectively, the "Securities" and each a "series").

Posted On: May 20, 2019
Albertsons Marketplace wins Most Innovative Commerce Experience Magento Award

Boise, ID - May 16, 2019 - Albertsons Companies and partners McFadyen Digital and Mirakl won the Most Innovative Commerce Experience award from Adobe at its global eCommerce conference, Imagine 2019.

Posted On: May 16, 2019
Albertsons Companies, Inc. Reports Fourth Quarter and Full Year Results

Boise, ID - April 24, 2019 - Albertsons Companies, Inc. (the "Company") today reported results for the fourth quarter of fiscal 2018 and full year fiscal 2018, which ended February 23, 2019.

Posted On: April 24, 2019
Albertsons Companies Unveils New Pledge to Reduce Plastic Use in Packaging

BOISE, Idaho, April 22, 2019 - Albertsons Companies today announced a broad plastic waste reduction pledge to advance sustainability throughout the company, starting with its extensive Own Brands portfolio. 

Posted On: April 22, 2019
Albertsons Companies to Join Blockchain-based IBM Food Trust Network to Pilot Increased Transparency for Romaine Lettuce

ARMONK, N.Y. and BOISE, ID - April 11, 2019 - Albertsons Companies, one of the largest food and drug retailers in the United States, is joining the blockchain-based IBM Food Trust network and will begin piloting the technology to improve how food is traced from farm to store shelf. 

Posted On: April 11, 2019
Albertsons and Safeway Extend BridgeHealth Surgery Benefit to Thousands of Additional Employees after Year-Long Pilot

Denver, Colo. – April 9, 2019 – Albertsons Companies has strengthened its employee benefits package by expanding its employees’ access to BridgeHealth, an industry-leading provider of Surgical Centers of Excellence.

Posted On: April 9, 2019
Albertsons Performance Media, Powered by Quotient, Delivers Strong Results in First Year

Mountain View, Calif.– April 4, 2019 – One year after its launch, Albertsons Performance Media (APM) powered by Quotient is delivering to CPGs as high as two times more return on their ad spend compared to industry benchmarks set by Nielsen.

Posted On: April 4, 2019
Albertsons Companies’ Open Nature® Brand Expands Sustainable Portfolio with New Compostable and Bamboo Products

BOISE, Idaho – April 2, 2019 – Albertsons Companies’ Own Brands is elevating environmental stewardship and helping consumers live green with the launch of compostable and earth-friendly products in the popular Open Nature® brand.

Posted On: April 2, 2019
Albertsons Companies Appoints Vivek Sankaran President and Chief Executive Officer; Jim Donald to Continue as Co-Chairman of the Board, Serving with Leonard Laufer

BOISE, Idaho, March 29, 2019 - Albertsons Companies announced today that Vivek Sankaran, Chief Executive Officer, PepsiCo Foods North America, has been appointed President and Chief Executive Officer of Albertsons Companies, effective April 25, 2019.

Posted On: March 29, 2019
Hunger, Help, and Hope: Albertsons Companies Highlights Food and Financial Outreach and Releases Community Impact Report for Foundation Giving

BOISE, Idaho, March 26, 2019 - Albertsons Companies and Albertsons Companies Foundation today announced the results of a wide-ranging donation and community involvement effort to effect change in the neighborhoods they serve.

Posted On: March 26, 2019
Albertsons Celebrates the Grand Opening of Next Generation Meridian Store on Saturday, March 9

BOISE, Idaho – March 6, 2019 - Albertsons Companies announced today the Grand Opening of the new Albertsons Market Street at 3499 E Fairview Ave, Meridian, ID, will take place Saturday, March 9. This will be an all-day celebration with a ribbon cutting ceremony at 10 AM.

Posted On: March 6, 2019
Albertsons Companies Partners with Glympse To Give Customers Real-Time Status of Delivery and Pickup Orders

BOISE, Idaho – March 4, 2019 – Albertsons Companies is enhancing its eCommerce platform with Glympse, a location sharing technology that will give shoppers real-time status of their grocery delivery or Drive Up & Go order.

Posted On: March 4, 2019
Albertsons Companies to Transform Experiences for Shoppers with Microsoft Cloud and AI

BOISE, Idaho and REDMOND, Wash. – February 22, 2019 – Albertsons Companies, one of the largest food and drug retailers in the United States, is betting on cloud solutions from Microsoft Corp., including Microsoft Azure and Microsoft 365, to provide new and transformative experiences to customers and employees.

Posted On: February 22, 2019
Albertsons Companies, Inc. Announces Proposed Senior Notes Offering

Boise, Idaho - January 22, 2019 - Albertsons Companies, Inc. (the “Company”) today announced its intention to offer $500 million in aggregate principal amount of senior notes due 2026 (the “Notes”).

Posted On: January 22, 2019
Albertsons Companies, Inc. Reports Third Quarter Results

Boise, ID - January 14, 2019 - Albertsons Companies, Inc. (the "Company") today reported results for the third quarter of fiscal 2018, which ended December 1, 2018.

Posted On: January, 14, 2019
Albertsons Companies Announces Sustainability Highlights and Purchase of 10 Tesla All-Electric Semi Trucks

BOISE, Idaho, November 6, 2018 - Albertsons Companies today released its 2018 Sustainability Update, highlighting successes in reducing waste, expanding organic offerings, leading in seafood sustainability, and supporting the causes customers care about most.

Posted On: November 6, 2018
Albertsons Companies expands Signature RESERVE™ just in time for holiday celebrations

BOISE, Idaho, November 1, 2018 - Albertsons Companies has expanded Signature RESERVE™, its exclusive new top shelf label, into a host of new categories just before the holidays.

Posted On: November 1, 2018
Albertsons Companies is the First National Grocer to Implement AI-Driven Micro-Fulfillment eCommerce Solution

BOISE, Idaho - October 30, 2018 - Albertsons Companies today announced it is partnering with Takeoff Technologies to pilot the micro-fulfillment center concept and Takeoff’s artificial intelligence capabilities, making it the first national grocer to implement an automated eCommerce fulfillment solution for customers.

Posted On: October 30, 2018
Albertsons Digital Market Place Spices Up Customers' Online Shopping Variety

BOISE, Idaho - October 16, 2018 - Handcrafted, hard-to-find items, and vendors wanting to increase product exposure find a home on Albertsons Companies new Albertsons.com/Marketplace site.

Posted On: October 16, 2018
Best. Year. Ever: Albertsons Companies Customers Set New Record in 5th Annual Hunger Is Campaign

BOISE, Idaho - October 11, 2018 - Albertsons Companies and Albertsons Companies Foundation announced today that, through the generous donations of customers, the Hunger Is fundraiser to fight childhood hunger in America raised a record $7.2 million in just 30 days.

Posted On: October 11, 2018
Albertsons Companies Pharmacies Release Online Education Tools with Aim to Vaccinate 1.5 Million People This Flu Season

BOISE, Idaho - October 5, 2018 - To bolster the public's awareness about flu vaccinations and the fact that many insurance plans will cover most or all of the cost, Albertsons Companies pharmacies have fully revamped their informational consumer flu websites with new features, easier navigation, and interactive tools this flu season.

Posted On: October 5, 2018
Albertsons Companies Appoints Jim Donald President and Chief Executive Officer
BOISE, Idaho, September 12, 2018 – Albertsons Companies announced today that Jim Donald, currently the company’s President and Chief Operating Officer, has been appointed President and Chief Executive Officer of Albertsons Companies, effective immediately. Robert Miller, currently the company’s Chairman and Chief Executive Officer, will continue as the Chairman of the Board.
Posted On: September 12, 2018
Albertsons Companies and Rite Aid Mutually Agree to Terminate Merger Agreement
Boise, ID – August 8, 2018 – Albertsons Companies, Inc. (“Albertsons Companies” or the “Company”) today announced that it has mutually agreed with Rite Aid Corporation (NYSE: RAD) to terminate their previously announced merger agreement. The Company issued the following statement in regard to the termination: ...
Posted on: August 8, 2018
Albertsons Companies Pharmacies are Stocked with Flu Vaccine for the 2018-2019 Flu Season
(BOISE, ID — August 6, 2018) — Albertsons Companies pharmacies are alerting U.S. communities that they are stocked with the flu vaccine and ready to immunize for the 2018-19 flu season. Getting the flu vaccine as soon as it becomes available is currently the best way to prevent getting and spreading the flu virus.
Posted on: August 6, 2018
Albertsons Companies and Greycroft Announce $50 Million Fund to Invest in and Grow New Companies in the Grocery Sector
New York and Boise, Idaho, Aug. 02, 2018 (GLOBE NEWSWIRE) -- Albertsons Companies and venture capital firm Greycroft today announced the creation of a fund, up to $50 million over time, that will invest in and aim to help grow emerging companies and technologies in the grocery sector.
 ...
Posted on: August 2, 2018
Albertsons Companies Announces Receipt Of Letter Relating To Safeway Notes
BOISE, Idaho, July 20, 2018 (GLOBE NEWSWIRE) — Albertsons Companies, Inc. (“Albertsons” or the “Company”) has announced that outside counsel to the Company has received a letter from a law firm purporting to represent in excess of 45% of the outstanding principal amount of Safeway Inc.’s (“Safeway”) 7.25% Senior Debentures due February 2031 (the “SWY…
Posted on: July 20, 2018
Albertsons Companies, Inc. Reports First Quarter Results
View PDF of Full Release with Financial Tables BOISE, Idaho, July 16, 2018 (GLOBE NEWSWIRE) — Albertsons Companies, Inc. (the “Company”) today reported results for the first quarter of fiscal 2018, which ended June 16, 2018. First Quarter of Fiscal 2018 Highlights and Update on Fiscal 2018 Outlook Identical sales increase of 0.2% Adjusted EBITDA of…
Posted on: July 16, 2018
Albertsons Companies Launches O Organics® Market In San Francisco And Washington D.C.
Virtual Store Offers Customers More Than 3,800 Organic, Natural, and Better-for-You Grocery Items Delivered in as Little as Two Hours BOISE, ID (July 12, 2018) – Albertsons Companies today announced the exclusive launch of O Organics® Market, an Instacart-powered virtual store where customers can easily find organic, natural, and other better-for-you foods, beverages, and grocery…
Posted on: July 12, 2018
Albertsons Companies First Quarter Conference Call
Boise, ID – July 10, 2018 – Albertsons Companies, Inc. (“Albertsons” or the “Company”) has announced the time and date of a conference call to discuss the Company’s financial results for the first quarter of fiscal 2018. The conference call, which will be hosted on Monday, July 16, 2018 at 11:00 a.m. Eastern Time (9:00…
Posted on: July 10, 2018
Albertsons Companies Offers Increased Access To Naloxone
More than 1,600 pharmacies in 21 states can provide the medication independently BOISE, ID, June 26, 2018 — Albertsons Companies announced today that more than 1,600 of its pharmacies across 21 states have pharmacists with the ability to independently provide naloxone, a medication used to reverse the impacts of an opioid overdose, and to educate…
Posted on: June 26, 2018
Albertsons Companies, Inc. Announces Proposed Floating Rate Senior Secured Notes Offering
June 4, 2018 – Boise, ID – Albertsons Companies, Inc. (the “Company”) today announced its intention to offer $500.0 million in aggregate principal amount of floating rate senior secured notes due 2024 (the “Notes”). The net proceeds received from the offering of the Notes, together with cash on hand and borrowings under the Company’s credit…
Posted on: June 4, 2018
Albertsons Companies Launches Signature Reserve™, An Ultra-Premium Own Brand With Top-Shelf Presence
New brand joins company’s lineup of iconic Signature brands, which account for nearly $6 billion in sales Boise, ID – May 31, 2018 –Albertsons Companies is expanding and elevating its Own Brands portfolio with a new top shelf culinary presence: Signature Reserve™. For life’s special and indulgent moments, Signature Reserve offers unparalleled quality and exquisite…
Posted on: May 31, 2018
Albertsons Companies Appoints Gautam Kotwal EVP, Chief Data And Analytics Officer
BOISE, Idaho — May 18, 2018 — Albertsons Companies announced today that Gautam Kotwal is joining the company as Executive Vice President and Chief Data and Analytics Officer. In this new role, Gautam Kotwal will be responsible for leading Albertsons Cos.’ innovation efforts to drive value, create competitive differentiation and design personalized shopper experiences wherever…
Posted on: May 18, 2018
Albertsons Companies, Inc. And Rite Aid Corporation To Host Analyst Presentation
BOISE, Idaho and CAMP HILL, Pa. – May 14, 2018 – Albertsons Companies, Inc. one of the nation’s largest grocery retailers, and Rite Aid Corporation (NYSE:RAD), one of the nation’s leading drugstore chains, announced today that they will host a joint analyst event on May 15, 2018. The management teams of both companies will discuss the strategic…
Posted on: May 14, 2018
Albertsons Companies Expects To Double Its Rate Of Own Brands Innovation In 2018
Nearly 1,400 product releases slated for 2018 across the popular Own Brands portfolio Boise, ID – May 2, 2018 – Albertsons Companies is on pace to introduce nearly 1,400 new Own Brands products to its family of stores in 2018, a more than two-fold increase over 2017 that further demonstrates the company’s confidence in developing…
Posted on: May 2, 2018
Albertsons Companies Appoints Jim Donald President and Chief Operating Officer
Boise, Idaho, Mar 05, 2018 (GLOBE NEWSWIRE) – Albertsons Companies announced today that Jim Donald, former President and Chief Executive Officer of Starbucks, has been appointed President and Chief Operating Officer of Albertsons Companies, effective immediately. Donald is an experienced retail operator with extensive knowledge of Albertsons Companies, having previously held senior leadership roles at both Albertson’s, Inc. and Safeway, Inc. Donald also served as a member of the Board of Directors of Rite Aid from 2008 to 2013.
Posted on: March 5, 2018
Albertsons Companies Announces Distribution on Contingent Value Rights Related to Casa Ley
BOISE, Idaho – February 27, 2018 – Albertsons Companies announced today that it is distributing 93.4 cents cash per Contingent Value Right related to the sale of Safeway’s 49% interest in Mexico-based food and general merchandise retailer Casa Ley, S.A. de C. V. (Casa Ley). The Contingent Value Rights, or CVRs, were issued on January 30, 2015 to former holders of common stock of Safeway Inc. in connection with the merger of Safeway into a wholly owned subsidiary...
Posted on: February 27, 2018
Albertsons Companies And Rite Aid Merge To Create Food, Health, And Wellness Leader
BOISE, Idaho and CAMP HILL, Pa. – February 20, 2018 – Albertsons Companies, one of the nation’s largest grocery retailers, and Rite Aid Corporation (NYSE:RAD), one of the nation’s leading drugstore chains, announced a definitive merger agreement under which privately held Albertsons Companies will merge with publicly traded Rite Aid.
Posted on: February 20, 2018
Albertsons Companies Launches Albertsons Performance Media Powered by Quotient
MOUNTAIN VIEW, Calif., January 25, 2018 – In an age where understanding your customers’ purchasing behavior is everything, Albertsons Companies is launching Albertsons Performance Media, powered by Quotient (NYSE: QUOT), a digital media capability that provides brands the opportunity to use proprietary shopper data to drive sales across Albertsons Companies’ network of more than 2,300 stores in 35 states.
Posted on: January 25, 2018
Albertsons Companies’ COO Wayne Denningham to Retire; Susan Morris Appointed EVP & Chief Operations Officer
BOISE, Idaho, Jan 16, 2018 (GLOBE NEWSWIRE) – Albertsons Companies today announced that President & Chief Operating Officer Wayne Denningham plans to retire near the end of the company’s fiscal year. Denningham garnered over 40 years with the company, having started working as a clerk as a teenager.
Posted on: January 16, 2018
Albertsons Companies’ O Organics hits $1 billion brand milestone
BOISE, Idaho – January 11, 2018 – Albertsons Companies today announced that its popular Own Brands label, O Organics, has become a $1 billion brand, a major milestone for one of the nation’s largest brands of USDA-certified organic products. “Everyone should have the opportunity to go organic...
Posted on: January 11, 2018
Albertsons Companies & Instacart Ink Agreement
Boise, ID – November 28, 2017 – Albertsons Companies, one of the nation’s largest grocery retailers, today announced it will increase customer convenience through an agreement with Instacart, the technology driven, nationwide on-demand grocery delivery service, by offering same-day deliveries in as little as an hour.
Posted on: November 28, 2017
Albertsons Companies Invests in Texas-Based El Rancho Supermercado
Boise, ID – November 16, 2017 – Albertsons Companies, one of the nation’s largest grocery retailers, today announced an investment in El Rancho Supermercado, a Texas-based retailer which focuses on stores for Latino customers. El Rancho will continue to operate as an independent company headquartered in Garland, TX.
Posted on: November 16, 2017
Albertsons Companies’ Hurricane Relief Fundraising Tops $8 Million
Boise, ID – September 21, 2017 – Albertsons Companies today reported that, in the span of 21 days, its generous customers and employees helped raise more than $8 million in disaster relief donations for the victims of Hurricanes Harvey and Irma through a point-of-sale campaign at its 2,300+ stores. The company also contributed millions of dollars in products to help people in Texas and Florida recover from the recent hurricanes.
Posted on: September 21, 2017
Albertsons Companies Acquires Plated to Transform the Food Experience for Consumers
Boise, ID and New York, NY – September 20, 2017 – Albertsons Companies, one of the nation’s largest grocery retailers, today announced the acquisition of Plated, a premier meal kit service. This move advances a shared strategy to reinvent the way consumers discover, purchase, and experience food.
Posted on: September 20, 2017
Albertsons Companies Raises Money Nationwide for Hurricane Harvey Disaster Relief and Pledges $200,000 in Matching Funds
Boise, ID – August 30, 2017 – As Hurricane Harvey continues to bring catastrophic flooding and devastation to parts of Southeast Texas, Albertsons Companies is mobilizing its entire chain of 2,300+ stores across the U.S. to aid in the disaster relief effort.
Posted on: August 30, 2017
Albertsons Companies Appoints Kevin Turner Vice Chairman, Senior Advisor to the CEO
BOISE, Idaho — August 7, 2017 — Albertsons Companies, LLC announced today that Kevin Turner, former Chief Operating Officer at Microsoft, has been appointed Vice Chairman of the Board of Managers of AB Acquisition LLC., its direct parent...
Posted on: August 7, 2017
Safeway Inc. Enters Agreement to Settle Compliance Investigation
BOISE, Idaho — July 18, 2017 — Safeway Inc., part of Albertsons Companies, announced today that it has entered into an agreement with the United States Department of Justice, the federal Drug Enforcement Administration (DEA) and the United States Attorney’s Office for the Western District of Washington to settle a 2014 ...
Posted on: July 18, 2017
Albertsons Companies Announces Key Leadership Changes to Marketing & Merchandising Team
BOISE, ID – June 23, 2017 – Albertsons Companies today announced two key executive appointments to its Marketing & Merchandising team aimed at building on the organization’s momentum and accomplishments over the last several years. Dennis Clark has been promoted...
Posted on: June 23, 2017
Albertsons Companies Announces Tender Offers for up to $500 Million of Senior Notes of New Albertson’s, Inc. and Safeway Inc.
June 5, 2017 – Boise, ID—Albertsons Companies, LLC (the “Company”) today announced that its wholly-owned subsidiaries New Albertson’s, Inc. (“NAI”) and Safeway Inc. (“Safeway” and, together with NAI, “we,” “us” or the “Offerors”), have commenced separate...
Posted on: June 5, 2017
Albertsons Companies Acquires MedCart Specialty Pharmacy
May 31, 2017 – Boise, ID— Albertsons Companies announced today that it recently acquired MedCart Specialty Pharmacy in order to strengthen and extend its pharmacy specialty services. MedCart Specialty Pharmacy is an industry-leading, URAC accredited, pharmaceutical and healthcare...
Posted on: May 31, 2017
Albertsons Companies Announces Key Digital Hires
BOISE, ID – May 23, 2017 – Albertsons Companies today announced two key digital leaders who will collectively add 30 years of digital leadership experience in product and digital technology respectively: Karl Varsanyi, who helped develop macys.com into one of the largest eCommerce sites in the...
Posted on: May 23, 2017
Albertsons Companies Becomes First Major Grocer to Sell Fair Trade Certified™ Scallops
BOISE, Idaho (May 4, 2017) — Albertsons Companies today announced that it has expanded its Fair Trade Certified™ seafood program and its commitment to responsible sourcing by becoming the first major grocer to carry Fair Trade Certified™ scallops.
Posted on: May 4, 2017
Albertsons Companies Names Jewel-Osco Veteran Doug Cygan Division President
BOISE, Idaho – April 28, 2017 – Albertsons Companies today announced that Jewel-Osco’s current Vice President of Marketing and Merchandising Doug Cygan has been appointed Division President, effective immediately. In this role, Cygan will lead the company’s 186 Jewel-Osco stores throughout Illinois,
Posted on: April 28, 2017
Albertsons Companies Appoints Geoff White President, Own Brands
BOISE, Idaho – April 25, 2017 – Albertsons Companies today announced that Geoff White has been appointed to the new position of President of the company’s Own Brands organization. In this new role, White will lead the Own Brands...
Posted on: April 25, 2017
Albertsons Companies Promotes Jewel-Osco President Mike Withers to EVP, Retail Operations
BOISE, Idaho – April 24, 2017 – Albertsons Companies today announced that current Jewel Osco Division President Mike Withers has been appointed Executive Vice President, Retail Operations for Albertsons Companies.
Posted on: April 24, 2017
Albertsons Companies Promotes Denningham to President & COO
BOISE, Idaho – April 19, 2017 – Albertsons Companies today announced Wayne Denningham, EVP & Chief Operating Officer, has been appointed to the new role of President and Chief Operating Officer for Albertsons Companies. Bob Miller remains Chairman and CEO, a role he has held since April 2015.
Posted on: April 19, 2017
Albertsons Companies Appoints Jonathan Mayes as SVP of External Affairs & Chief Diversity Officer
BOISE, Idaho, March 10, 2017 – Albertsons Companies today announced the appointment of Jonathan Mayes as Senior Vice President, External Affairs & Chief Diversity Officer. Mr. Mayes will be responsible for overseeing and leading Albertsons Companies’ diversity and inclusion efforts...
Posted on: March 10, 2017
Albertsons Companies Celebrates Milestones Since 2015 Merger with Safeway
BOISE, Idaho – January 30, 2017 – On the two-year anniversary of the merger that created the second-largest supermarket company in the U.S., Albertsons Companies announced that since the merger with Safeway, it has grown its workforce by 10 percent, creating 26,000...
Posted on: January 30, 2017
Albertsons Companies Hires Narayan Iyengar as SVP, Digital Marketing and e-commerce
BOISE, ID – Jan 23, 2017 – Albertsons Companies today announced Narayan Iyengar has been selected as Senior Vice President, Digital Marketing and e-commerce. In this role, Iyengar will be responsible for leading all aspects of digital marketing including loyalty...
Posted on: January 23, 2017
UI Arena Scores a Win with Albertsons Companies’ Support
Albertsons Companies will have its name in lights on the University of Idaho campus with the commitment of $500,000 over the next 10 years to the new court-sports arena and naming rights to the scoreboard. The donation is a reflection of the longtime partnership between UI and Albertsons.
Posted on: November 30, 2016
Albertsons Companies Appoints Christine Wilcox as Vice President, Communications and Public Affairs
BOISE, Idaho – November 2, 2016 – Albertsons Companies announced today that it has appointed current Vice President of Corporate Communications Christine Wilcox to the position of Vice President, Communications and Public Affairs. Wilcox is filling a vacancy created when Brian Dowling retired from the company earlier this year.
Posted on: November 2, 2016
Haggen proud to continue as part of Albertsons Companies
BELLINGHAM, WA—Albertsons Companies and Haggen announced that the 15 core Haggen Northwest Fresh stores will begin the first day of operation today as a standalone business unit in the Albertsons Companies family of banners. Haggen will continue its commitment to provide the best in fresh and local products to its guests in western Washington as it has throughout its eight decades in business.
Posted on: June 2, 2016
Albertsons Companies Appoints Susan Morris EVP, East Region
BOISE, Idaho — April 15, 2016 — Albertsons Companies announced today that it has appointed current Denver Division President Susan Morris to the position of Executive Vice President of Retail Operations over its East Region. Morris is filling the vacancy created when Kelly Griffith announced earlier this month that he would be leaving the company.
Posted on: April 15, 2016
Albertsons Companies Introduces the New Signature Family of Brands
BOISE, Idaho–(BUSINESS WIRE)–Albertsons Companies today is celebrating the launch of its new store brand, Signature, the largest private label across all 2,286 of its stores. Signature is a multi-category brand developed to address consumers’ growing appetite for quality private label products from stores they trust.
Posted on: April 4. 2016
Albertsons Acquires 29 Haggen Core Stores in Washington and Oregon
(Boise, ID – March 14, 2016) Albertson’s LLC (Albertsons) submitted a binding bid letter and form of Asset Purchase Agreement to Haggen for the purchase of 29 of Haggen’s core stores. This is a step in the process to obtain bankruptcy court approval, following Haggen’s Chapter 11 filing on September 8, 2015, which is required for consummation of the purchase.
Posted on: March 14, 2016
Albertsons Companies Sets Goal for Cage-Free Eggs by 2025
Boise, ID – March 1, 2016 – Albertsons Companies announced today it will be working with its suppliers toward a goal of sourcing only cage-free eggs for its store operations by 2025, based on available supply. The company, among the first and largest in the conventional retail grocery sector to make such a commitment, is making the move not only as part of its ongoing commitment to animal welfare but also in response to customer buying habits.
Posted on: March 1, 2016
Albertsons Companies Announces 2015 Donations Topped $270 Million and Thanks Customers for Helping Those in Need
(Boise, ID — February 17, 2016) Albertsons Companies today announced that it contributed more than $270 million in food and financial support in 2015 to the communities it serves, helping people in 35 states and the District of Columbia live better lives.
Posted on: February 17, 2016
Paul’s Market, Albertsons Announce Agreement for Idaho Locations
BOISE, ID – Albertsons Companies announced today that it has entered into an agreement to purchase and rebrand four Idaho-based Paul’s Market stores. The following Paul’s Market stores will be rebranded as Albertsons.
Posted on: February 15, 2016
Albertsons Companies Expands Panzer’s Role to Include General Merchandise, HABA
February 2, 2016 – Boise, ID – Albertsons Companies announced today that Mark Panzer, who was named the Company’s Senior Vice President of Pharmacy, Health & Wellness in May 2015, has accepted the additional responsibility of leading General Merchandise and HABA.
Posted on: February 2, 2016
Anuj Dhanda Named CIO, AB Acquisition LLC
(Boise, ID – November 18, 2015) AB Acquisition LLC (“Albertsons Companies”) has named Anuj Dhanda to the position of Executive Vice President & Chief Information Officer. Mr. Dhanda has most recently served as Chief Information Officer and Senior Vice President of Digital Commerce for the Giant Eagle supermarket chain based in Pittsburgh, PA.
Posted on: November 18, 2015
Albertsons Files Registration Statement for Proposed Initial Public Offering
BOISE, ID – July 8, 2015 – Albertsons Companies, Inc. announced today that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission for a proposed initial public offering of shares of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. BOISE, ID – July 8, 2015 – Albertsons Companies, Inc. announced today that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission for a proposed initial public offering of shares of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. BOISE, ID – July 8, 2015 – Albertsons Companies, Inc. announced today that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission for a proposed initial public offering of shares of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined.
Posted on: July 8, 2015
McKesson, Albertsons to Expand Distribution Agreement
SAN FRANCISCO and BOISE, ID – September 15, 2015 — McKesson Corporation (NYSE:MCK) and Albertsons announced the signing of a five-year distribution agreement to include the sourcing and distribution of both branded and generic pharmaceuticals, commencing on April 1, 2016. As part of the agreement, Albertsons’ network of nearly 1,700 pharmacies in their 2,200 stores across the country will benefit from...
Posted on: September 15, 2015
Mark Panzer Named SVP Pharmacy, Health & Wellness For Albertsons
BOISE, ID – May 15, 2015– AB Acquisition LLC, parent company of Albertson’s LLC, New Albertson’s, Inc., and Safeway Inc. (collectively Albertsons) announced today that Mark Panzer has been named Senior Vice President of Pharmacy, Health & Wellness, overseeing the company’s 1,760 pharmacies in 34 states across the country. Panzer replaces Darren Singer, who has left the company to pursue other opportunities.
Posted on: May 15, 2015
Bob Miller Assumes Role of Chairman & CEO of Albertsons, NAI & Safeway
BOISE, ID – April 10, 2015– AB Acquisition LLC, parent company of Albertson’s LLC, New Albertson’s, Inc., and Safeway Inc. (collectively Albertsons) announced today that Bob Miller, the Company’s current Executive Chairman, will assume the additional role of Chief Executive Officer, effective immediately. Robert Edwards, who had been appointed CEO at the transaction close, will continue on with the company as Vice Chairman providing counsel to the Board and the organization on key strategic and integration matters.
Posted on: April 10, 2015
Albertsons and Safeway Complete Merger Transaction
BOISE, Idaho and PLEASANTON, Calif., Jan. 30, 2015 /PRNewswire/ — AB Acquisition LLC and Safeway Inc. (NYSE: SWY, “Safeway”) announced today that they have completed their proposed merger. 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. AB Acquisition is controlled by an investor group led by Cerberus Capital Management...
Posted on: January 30, 2015
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