Walgreens is also planning a partial acquisition.
The combined companies will have about 4,900 stores
Rite Aid's stock rose Monday after Albertsons announced a deal to acquire the drugstore chain in a cash-and-stock deal. The resulting merger will bring in an expected $83 billion in 2018 revenue. After the deal closes, Albertsons' shares...Show More Summary
The transaction is another sign of the pressure that traditional retailers and pharmacies are facing from consumers shopping online.
The privately held owner of Safeway, Vons and other grocery brands is plunging deeper into the pharmacy business with a deal to buy Rite Aid, the nation's third-largest drugstore chain. Albertsons Companies is offering either a share of its stock and $1.83 in cash or slightly more than a share...
After delaying a public offering of Albertsons in 2015, Cerberus Capital Management wants a return on its investment, and the owner of 19 grocery chains, including Safeway, provided the first glimpse of how the company plans on achieving...Show More Summary
The bonds that financed Apollo Global Management's purchase last year of upscale grocer Fresh Market plunged to new lows this week. The cost of buying contracts to protect against a default in Albertsons Cos.'s debt has jumped. Bonds of Bi-Lo Holdings have lost almost half their value this year. Show More Summary
Goodbye, Kroger? Safeway? Albertsons? Costco? Even Walmart and Target? Considering the reaction to Amazon’s announcement of its plans to buy high-end grocer Whole Foods, you might think the online shopping giant instantly won the highly competitive supermarket wars. Yes, Amazon has helped change how we all shop. Yes, its technological genius at online shopping – […]
Albertsons is apparently still shopping around in the organic aisle. The grocery chain’s owner is reportedly considering a takeover of high-end grocer Whole Foods Market Inc., according to a report Monday from the Financial Times. The news comes just weeks after Bloomberg reported that Albertsons...
The chain previously was rumored to be looking at Sprouts Farmers Market.
Grocery chain Albertsons is exploring buying Whole Foods, according to the Financial Times' James Fontanella-Khan. STOCK PRICE FOR WFM Full price information Read more...
Grocery chain Albertsons is exploring buying Whole Foods according to the Financial Times' James Fontanella-Khan. The FT, citing sources close to the matter, said that the private equity funds that own Albertsons, including CerberusShow More Summary
A Bankruptcy Court judge cleared the way Friday for several rival grocers to buy stores from Haggen, the supermarket chain that attempted a catastrophic expansion this year. The 18-store Haggen operation had bought and begun rebranding 146 Albertsons, Vons, Pavilions and Safeway locations, which...
Apple Pay is expected to start appearing in more retail stores, with Best Buy, Marriott, Albertson's and others set to start accepting mobile payments from the iPhone and Apple Watch later this year. Jefferson Graham reports on #TalkingTech.
A supermarket David is gulping down a Goliath.
Lynda Albertson (' Do you think art collectors might be tempted to buy Syrian antiquities (looted or otherwise?). We say resoundingly, yes' ARCA Blog November 23, 2014) discusses some recent auctions which involve items that seem Syria-related.She...Show More Summary
By Lynda Albertson On November 22, 2014 the Syrian Arabic Republic - Ministry of Culture's Directorate General of Antiquities and Museums (DGAM) published two striking photos of three confiscated artifacts removed from the Taibul Tomb in the Southeast Necropolis at Palmrya. Show More Summary
Cerberus Capital Management agreed to buy Safeway for more than $9 billion and plans to merge it with Albertsons. Safeway, the second largest grocer in the U.S., will merge with Albertsons, the fifth largest grocer, which Cerberus bought from SuperValu last year, Forbes reports. But this deal may not be......
The deal combines Safeway with Cerberus' Albertsons chain, creating a dominant grocery franchise on the West Coast
Retail giants Safeway and Albertsons have agreed to merge.