Following FTC clearance, AB Acquisition LLC and its parent company Cerberus officially completed the purchase of Safeway.
Just before presstime, the newly merged Albertsons and Safeway organization announced that Jim Perkins, president of Acme Markets, has been named chief operating officer of the company’s east region, part of the company’s New Albertsons Inc. (NAI) unit. Perkins will …
Ahold announced consolidated net sales of $9.5 billion for the fourth quarter of 2014, an increase of 7.9 percent compared to last year.
Jack Murphy, Fairway Market’s new CEO, said plans are under way that will re-establish the Manhattan based grocer as a stronger retail entity.
Rite Aid reported significant earnings and sales gains in its fiscal third quarter ended November 29, 2014.
With the Albertsons acquisition of Safeway store imminent, the chain announced that it will sell 168 stores to four separate buyers.
The National Labor Relations Board has adopted a new rule to alter and accelerate union representation elections.
Arthur T. Demoulas and members of his family completed the deal to acquire the 50.5 percent stake in the company that was owned by the Arthur S. Demoulas family.
Kroger posted its 44th consecutive quarter of positive identical store revenue.
The Albertsons’ (AB Acquisition LLC, a unit of Cerberus Capital Management) purchase of Safeway is imminent and final Federal Trade Commission (FTC) approval is expected to be granted by year’s end, according to several sources.