Albertsons

Albertsons Companies, Inc.
FormerlyAlbertson's Inc. (until 2006 sale to Supervalu, Cerberus)
Company typePublic[1][2]
Industry
FoundedJuly 21, 1939 (85 years ago) (1939-07-21)
FounderJoe Albertson
HeadquartersBoise, Idaho, U.S.
Number of locations
2,271 (December 2023)[3][4][5][6]
Key people
ProductsBakery, dairy, deli, frozen foods, general grocery, meat, pharmacy, produce, seafood, snacks, liquor
ServicesSupermarket
RevenueIncrease US$71.9 billion (2021)
Increase US$2.4 billion (2021)
Increase US$1.6 billion (2021)
Total assetsDecrease US$28.1 billion (2021)
Total equityIncrease US$3.0 billion (2021)
OwnerCerberus Capital Management[7]
Number of employees
325,000 (May 2020)
Subsidiaries
Websitewww.albertsons.com
www.albertsonscompanies.com

Albertsons Companies, Inc.[1][2] is an American grocery company founded and headquartered in Boise, Idaho.

With 2,253 stores as of the third quarter of fiscal year 2020 and 270,000 employees as of fiscal year 2019,[3][8][6] the company is the second-largest supermarket chain in North America after Kroger.[9][10] Albertsons ranked 53rd in the 2018 Fortune 500 list of the largest United States corporations by total revenue.[11] Prior to its January 2015 merger with Safeway Inc. for $9.2 billion,[12] it had 1,075 supermarkets located in 29 U.S. states under 12 different regional banners. Its predecessor company, Albertsons, Inc., was reorganized as Albertsons LLC and sold to AB Acquisition LLC, a Cerberus Capital Management–led consortium. After buying back the majority of its former stores it sold to SuperValu in 2006, AB Acquisition announced it would change its name to Albertsons Companies Inc. in 2015.[13] The company's corporate name was Albertson's Inc. until 2002, when the apostrophe was removed.[14]

On October 14, 2022, Albertsons announced it would be acquired by rival Kroger for $25 billion.[15] On November 30, 2023, Kroger CEO Rodney McMullen announced that the companies had satisfied the informational requirements of the Federal Trade Commission, and the deal is expected to close in early-2024.[16] However, in January 2024, Washington state sued to block the proposed $25 billion merger between Kroger and Albertsons, warning that if approved it could raise prices and harm consumers.[17] In February 2024, Colorado Attorney General Phil Weiser also filed a lawsuit, saying consumers told him they feared it "would lead to stores closing, higher prices, fewer jobs, worse customer service, and less resilient supply chains.”[18]

  1. ^ a b "Albertsons: Albertsons Files Registration Statement for Proposed Initial Public Offering". Albertsons. Archived from the original on March 4, 2016. Retrieved January 5, 2016.
  2. ^ a b "Albertsons: About Us". Albertsons. Archived from the original on January 2, 2016. Retrieved January 5, 2016.
  3. ^ a b "Inline XBRL Viewer". www.sec.gov. Retrieved January 22, 2024.
  4. ^ "Albertsons Companies, Inc. FORM 10-Q". investor.albertsonscompanies.com. January 22, 2024. Retrieved January 22, 2024.
  5. ^ "Document Contents". www.snl.com. Archived from the original on March 22, 2019. Retrieved March 9, 2019.
  6. ^ a b Maria Armental (July 25, 2014). "Safeway Shareholders Approve Albertsons Merger". The Wall Street Journal. Archived from the original on July 28, 2014. Retrieved August 1, 2014.
  7. ^ Solomon, Brian (March 6, 2014). "Cerberus Buys Safeway, Merges It with Albertsons For Over $9 Billion". Forbes. Archived from the original on June 7, 2014. Retrieved June 3, 2014.
  8. ^ "Albertsons Companies, Inc. FORM 10-K" (PDF). investor.albertsonscompanies.com. May 13, 2020. Archived from the original (PDF) on June 25, 2020. Retrieved June 23, 2020.
  9. ^ Banton, Caroline. "The World's Largest Grocery Store Chains". The Balance Small Business. Archived from the original on July 28, 2020. Retrieved July 28, 2020.
  10. ^ Farfan. "The World's Largest Supermarket Chains 2018". The Balance Small Business. Archived from the original on July 28, 2020. Retrieved July 28, 2020.
  11. ^ "Fortune 500 Companies 2018: Who Made the List". Fortune. Archived from the original on January 15, 2019. Retrieved November 10, 2018.
  12. ^ Cite error: The named reference donedeal was invoked but never defined (see the help page).
  13. ^ "Albertsons Companies, Inc". Sec.gov. Archived from the original on March 26, 2017. Retrieved March 25, 2017.
  14. ^ Albright, Mark (August 6, 2002). "Stores get less possessive". St. Petersburg Times. Archived from the original on November 11, 2014. Retrieved October 16, 2014.
  15. ^ Venugopal, Aishwarya; Bartz, Diane; Summerville, Abigail; Bartz, Diane; Summerville, Abigail (October 14, 2022). "U.S. grocer Kroger carts away Albertsons for $25 billion but faces antitrust test". Reuters. Archived from the original on December 9, 2022. Retrieved April 23, 2023.
  16. ^ Reman, Russell (November 30, 2023). "McMullen: Kroger-Albertsons merger on track to close early next year". Winsight Grocery Business. Retrieved December 2, 2023.
  17. ^ Valinsky, Jordan (January 16, 2024). "Washington state wants to block the Kroger-Albertsons merger". CNN Business. Retrieved January 16, 2024.
  18. ^ Chuang, Tamara (February 14, 2024). "Colorado AG sues to block merger between parent companies of King Soopers and Safeway". The Colorado Sun. Retrieved February 14, 2024.