Albertsons Companies, formed from the 2015 merger of the existing Albertsons business with rival Safeway, is the second largest traditional supermarket group in the US (behind Kroger) and #3 groceries retailer (behind Walmart). It oversees an extensive collection of different regional supermarket banners. Albertsons and Safeway get top billing, but the collection also includes Vons, Jewel-Osco, Shaw's, Acme, Tom Thumb, Carr's and others. The current group was formed from a series of complicated deals engineered by private equity fund Cerberus Capital Management, which is also the biggest shareholder in Albertsons' previous owner, the discount groceries group Supervalu. In summer 2015, Cerberus announced plans for an IPO of Albertsons Companies' stock, but more than a year later no date has yet been set for that issue.
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Albertsons Companies website
|Tom Thumb||United Supermarkets|
Adbrands Weekly Update 16th Jul 2015: There's another big IPO on the way. US supermarket giant Albertson's Companies, formed from the merger of Albertsons and Safeway earlier this year, is to float part of its equity later this year in what is likely to represent a big payout for private equity owner Cerberus Capital Management. It is the #2 traditional supermarket group in the US after Kroger, with 2,200 stores in 33 states.
Adbrands Weekly Update 13th Mar 2014: Safeway and Albertsons, two of America's biggest traditional supermarket groups, are to merge under private equity ownership, forming a stronger rival to leading group Kroger and discounters Walmart and Target. Albertsons is already owned by an investor group led by private equity giant Cerebrus. This has agreed to acquire larger rival Safeway for around $9bn, aligning Albertsons, Safeway and their subsidiary banners under a single management team. Albertsons' Bob Miller becomes executive chairman of the combined group, with Safeway's Robert Edwards as president & CEO. In total the two chains operate around 2,400 stores nationally, 27 distribution facilities and 20 manufacturing plants. Safeway had sales of just over $36bn in 2013 to Albertsons' $23bn. Cerberus is also the biggest shareholder in Albertsons' former owner, the value supermarket chain and wholesaler Supervalu. The announcement could prompt rival offers: Safeway has negotiated a "go shop" clause, allowing it a limited window in which it can solicit higher bids from another buyer. However, under any such competing deal, it would have to pay Cerberus a substantial termination fee of between $150m and $250m.
Adbrands Weekly Update 13th Jun 2013: US grocer Safeway is to quit Canada following a deal to sell its 200 stores there to local rival Sobeys, which owns the IGA and Thrifty supermarket chains. The price tag on the deal is $5.7bn. Currently Sobeys operates mainly in Eastern Canada, while Safeway is concentrated in Western Canada. The Canadian retail sector is undergoing seismic changes following the arrival of American group Target, which plans to open more than 100 stores in the country by the end of this year.
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