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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.
SuperValu retained a 46% interest in the new company, which Shopko later purchased in 1997. SuperValu founded the clothing store County Seat in 1973 and sold it to Carson Pirie Scott in 1983. In 1975, SuperValu acquired Hornbacher's. [7] In 1980, the company acquired Minnesota-based Cub Foods, which operated five stores in the Twin Cities area.
Seven years later, parent company Albertsons and its stores would be taken over by two separate groups. On May 30, 2006, shareholders approved the break-up of Albertsons. All Jewel-Osco and Jewel Food Stores outside of Springfield, Illinois were now wholly owned by SuperValu.
Albertsons Companies verified that the majority of its banner stores, including Safeway, Albertsons, Jewel-Osco, ACME, Vons, and Tom Thumb will be open on Thanksgiving Day, but noted that most of ...
Supervalu operates a variety of grocery chains across the U.S., including Albertsons, Jewel-Osco, Shaw's and Save-A-Lot. (Peers Kroger ( KR ) and Safeway ( SWY ) are also publicly traded.)
The SuperValu owned Albertsons stores and the chains it acquired were in turn sold to Cerberus in 2013 and Osco and Sav-On pharmacies moved their operations to the base of Albertsons LLC in Boise, Idaho. Certain store support functions exist in the Franklin Park, Illinois, office.
SUPERVALU will release its quarterly report on Thursday, and investors are increasingly optimistic that the grocery-store chain has finally turned the corner, and is poised for a rebound.
In January 2013, Cerberus Capital Management announced a deal to acquire 877 stores in the Albertsons, ACME, Jewel-Osco, and Shaw's and Star Market chains from SuperValu for $100 million and acquisition of $3.2 billion on SuperValu debt. [14] The deal closed on March 21, 2013.
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