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September 05, 2015 12:04 AM ET

Food and Staples Retailing

Company Overview of Albertsons, LLC

Company Overview

Albertsons, LLC operates a chain of grocery stores in the United States. It 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 bakery and deli products, produce and floral products, butcher blocks, and other grocery products. The company also provides membership pharmacy savings programs. Albertsons was founded in 1939 and is based in Spokane, Washington.

157 South Howard Street

Spokane, WA 99201

United States

Founded in 1939

Phone:

208-395-6200

Fax:

208-395-6349

Key Executives for Albertsons, LLC

Chairman and Chief Executive Officer
Age: 71
Chief Financial Officer
Age: 63
Chief Operating Officer
President of Southwest Division
President of Dallas & ftWorth Division
Compensation as of Fiscal Year 2015.

Albertsons, LLC Key Developments

Federal Trade Commission Issues Final Order Preserving Supermarket Competition in 130 Local Markets Albertsons and Safeway Required to Sell 168 Stores in Eight States

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

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.

Albertsons Closes Unprofitable Store in Colorado Springs

Albertsons is closing its store on Colorado Springs' southwest side, but it's not related to the grocery's recent merger with Safeway. Accordig to the company, the store - open since 1980 at 455 E. Cheyenne Mountain Blvd. - has been unprofitable, and the lease on the space was set to expire. The store will close by March 23, 2015 and a liquidation sale is underway. The merger will not result in the closing of the other Albertsons or Safeways in the Pikes Peak region. Albertsons will place as many of the store's 78 employees as possible at other locations. Employees who aren't placed at other stores will receive severance packages if they're eligible under company policies. The store's closing isn't sitting well with some Albertsons shoppers.

Similar Private Companies By Industry

Company Name Region
Albertsons Companies, Inc. United States
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Jan Services Corp. United States
Rxperts, Inc. United States
Fast Lane, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 19, 2014
Albertsons, LLC, Certain Stores
Merger/Acquisition
December 19, 2014
Albertsons, LLC, Two Stores in Washington
Merger/Acquisition
December 19, 2014
Albertsons, LLC, 8 Albertsons Stores
 

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