Food and Staples Retailing
Company Overview of Albertsons, LLC
Albertsons, LLC operates as a food and drug retailer in the United States. Its stores offers prescriptions, immunizations, health kiosks, diabetes medications, health screenings, workers’ compensation prescriptions, wellness products, medicines for various health conditions, and pet medications; diet and fitness products, food preparation tips, food safety products, organic foods, gluten free products, and healthy eating products; and cakes and deli products. The company also provides membership pharmacy savings programs. Its operates approximately 2,200 stores in 33 states and the District of Columbia under 18 banners, including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, ACME Markets, T...
250 Parkcenter Boulevard
Boise, ID 83706
Founded in 1939
Key Executives for Albertsons, LLC
Chairman and Chief Executive Officer
Chief Financial Officer and Executive Vice President
President of Southwest Division
Compensation as of Fiscal Year 2015.
Albertsons, LLC Key Developments
McKesson Corp. Signs Five-Year Distribution Agreement with Albertsons
Sep 23 15
McKesson Corp. and Albertsons have signed 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 the scale and strength of McKesson's proprietary OneStop generics program and efficiency of McKesson's daily direct-to-store service model for pharmaceutical products.
Federal Trade Commission Issues Final Order Preserving Supermarket Competition in 130 Local Markets Albertsons and Safeway Required to Sell 168 Stores in Eight States
Jul 2 15
Federal Trade Commission has approved a final order settling charges that the $9.2 billion merger of Albertsons and Safeway Inc. would be anticompetitive. FTC announced in January 2015, Albertsons and Safeway grocery stores competed vigorously on price, quality, product variety, and services, and each offered consumers the convenience of one-stop shopping for food and other grocery products. Without a remedy, the acquisition was likely to lessen supermarket competition in 130 local markets and thus harm consumers. The final order requires the new company to divest 168 Albertsons and Safeway stores in Arizona, California, Montana, Nevada, Oregon, Texas, Washington, and Wyoming to four buyers.
Safeway Reportedly Mulls IPO
Apr 27 15
Albertsons, LLC, the holding company that owns Safeway Inc. has hired IPO bankers to plan an initial public offering (IPO) for Safeway later this year, CNBC reported, citing sources with knowledge of the matter. The IPO would raise more than $500 million, but the timing and size of the offering remains fluid, CNBC cited the sources as saying. AB Acquisition was not immediately available for comment.
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