About the Company
Albertsons Companies, Inc. 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, the company is the second-largest supermarket chain in North America after Kroger. Albertsons ranked 53rd in the 2018 Fortune 500 list of the largest United States corporations by total revenue. Prior to its January 2015 merger with Safeway Inc. for $9.2 billion, it had 1,075 supermarkets located in 29 U.S. states under 12 different banners. Its predecessor company, Albertsons, Inc., was reorganized as Albertsons LLC and sold to AB Acquisition LLC, a Cerberus Capital Management–led consortium. After buying back the majority of its former stores it sold to SuperValu in 2006, AB Acquisition announced it would change its name to Albertsons Companies Inc. in 2015. The company's corporate name was Albertson's Inc. until 2002, when the apostrophe was removed. On October 14, 2022, Albertsons announced it would be acquired by Kroger for $25 billion. On November 30, 2023, Kroger CEO Rodney McMullen announced that the companies had satisfied the informational requirements of the Federal Trade Commission, and the deal is expected to close in early-2024. However, in January 2024, Washington state sued to block the proposed $25 billion merger between Kroger and Albertsons, warning that if approved it could raise prices and harm consumers. In February 2024, Colorado Attorney General Phil Weiser also filed a lawsuit, saying consumers told him they feared it "would lead to stores closing, higher prices, fewer jobs, worse customer service, and less resilient supply chains.”
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Latest $ACI News
Albertsons and Kroger Agree to Sell More Stores to Get Merger Approval
Albertsons and Kroger have agreed to sell off more locations as the supermarket giants try to win regulatory approval for ...
Haggen grocery store brand would change hands in latest Kroger and Albertsons merger proposal
Kroger and Albertsons released a new and expanded divestiture plan on Monday, April 22 that now includes the Haggen brand in ...
Kroger analyst: Shareholders could benefit if Albertsons deal is canceled
But Kroger shareholders could benefit even if the transaction gets blocked or Kroger drops it because the approval time gets ...
Albertsons Companies, Inc. Reports Fourth Quarter and Full Year Results
We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions ...
Albertsons’ profit tops estimates and offsets revenue miss driven by lower fuel sales
Albertsons Cos. Inc.’s stock rose 0.7% early Monday, after the grocery chain beat profit estimates for its fiscal fourth ...
Kroger, Albertsons to Sell 166 More Stores, Looking to Appease Regulators
Kroger and Albertsons Cos. have agreed to sell over 160 additional stores, a bid to appease competition regulators and close ...
Albertsons Companies, Inc. Reports Fourth Quarter and Full Year Results
BOISE, Idaho--(BUSINESS WIRE)--Albertsons Companies, Inc. (NYSE: ACI) (the "Company") today reported results for the fourth quarter of fiscal 2023 and full year fiscal 2023, which ended February ...
Albertsons Companies: Albertsons Reduces Food Waste by Thinking About What Happens at Home: 'That's Where the Power of the Opportunity Is'
In an exclusive interview with The Cool Down, Long takes us behind the scenes at the nation's second-largest supermarket chain - from what might surprise you about food waste to the company's ...
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