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Albertsons was founded in 1939 by Joe Albertson (1906–1993) on July 21 in Boise, Idaho. [20] An ad in Boise's Idaho Statesman newspaper touted Albertson's first store as "Idaho's largest and finest food store." The store was filled with perks that, at the time, were brand new: free parking, a money-back guarantee, and even an ice cream shop.
A bankruptcy auction for the remaining core 33 stores of the Haggen chain was set for February 5, 2016. [35] On January 21, 2016, Albertsons settled the Haggen's $1 billion lawsuit for $5.75 million. (Roughly 0.6 cents on the dollar). Albertsons also agreed to transfer its unsecured claim of $8.25 million to Haggen's other creditors in the ...
Albertsons bought 33 former Haggen stores for $14.3 million at a bankruptcy auction in November, many for the nominal price of $1 since they came with liabilities as part of their sale. [7] The failure of the spin-off of stores to Haggen has been seen as a particular concern for the proposed Albertsons–Kroger merger. [8]
Best Products – filed for bankruptcy for the second time in September 1996 [33] [34] and closed all of its stores by the following February [35] [36] Brendle's – became bankrupt and liquidated in 1996 [37] [38] Consumers Distributing – sought bankruptcy protection in 1996; Ellman's – acquired by Service Merchandise in 1985 [39] [40]
On Wednesday, Albertsons announced it had called off the merger and was suing its former suitor for flubbing it. Kroger called the lawsuit “ baseless ” and hours later announced a massive $7.5 ...
Once Payless of Tacoma declared bankruptcy in 1991, the company was merged with the existing Payless stores from the other company and the Value Giant name was removed for the existing stores. Early photos of a Payless Drug Store under the ownership of L.J. Skaggs are currently on display at the Albany Regional Museum in Albany, Oregon .
In early 2003, Fleming filed for bankruptcy, causing the company to place all Fleming owned Food 4 Less stores up for bids to other national grocers. Three stores in Utah were purchased by Albertsons, who retained two stores. The two stores kept the Food 4 Less name until January 2005, when the names changed to the Albertsons owned Super Saver ...
By September 2015, Haggen had filed for bankruptcy, fired the executive in charge of the California expansion, and sold some of the newly opened stores back to Albertsons for a fraction of the cost.