Food and Staples Retailing
Company Overview of Albertsons, LLC
Albertsons, LLC operates a chain of grocery stores in the United States. The company offers prescriptions, immunizations, health kiosks, diabetes medications, health screenings, workers’ compensation prescriptions, wellness products, medicines (for various health conditions), and pet medications; diet and fitness products, food preparation tips, food safety products, organic foods, gluten free products, and healthy eating products; and bakery and deli products (cakes), produce and floral products, butcher blocks, and other grocery products. It also provides membership pharmacy savings programs. The company was founded in 1939 and is based in Spokane, Washington.
157 South Howard Street
Spokane, WA 99201
Founded in 1939
Key Executives for Albertsons, LLC
President of Southwest Division
President of Southern California Division
Compensation as of Fiscal Year 2014.
Albertsons, LLC Key Developments
Albertsons Looks To Sell Stores
Nov 12 14
Samuel Zell, Oaktree Capital Management, L.P., Comvest Partners are among three bidders vying for a portfolio of more than 100 grocery stores being sold by Albertsons, LLC which is owned by Cerberus Capital Management, L.P., several people briefed on the matter said. The group backed by Samuel Zell also includes Stuart Sloan. The talks are fluid and no agreement has been struck at this point. Samuel Zell’s assistant said he was not available for comment. Oaktree declined to comment. Representatives of Comvest did not respond to an email. Representatives of Cerberus and Albertsons declined to comment. The Federal Trade Commission is reviewing the sale process and must sign off on the winning bidder. A spokeswoman for the F.T.C. declined to comment on this particular matter.
Marley Coffee Expands Distribution with Albertsons
Jun 12 14
Marley Coffee announced that Albertsons is carrying three Marley Coffee products in Texas, Louisiana and Arkansas stores. Albertsons began carrying seven Marley Coffee products in their Intermountain Division stores in February 2014.
Robbins Arroyo LLP Announces Class Action Lawsuit Against Safeway Inc., Albertsons, LLC, Saturn Acquisition Merger Sub Inc. and Cerberus Capital Management L.P
May 16 14
Shareholder rights attorneys at Robbins Arroyo LLP announced that the firm filed a class action lawsuit on May 15, 2014, in the U.S. District Court, Northern District of California, Oakland Division on behalf of the shareholders of Safeway Inc. against Safeway, its Board of Directors, Albertson's LLC, Saturn Acquisition Merger Sub Inc. and Cerberus Capital Management L.P., for, among other things, violations of sections 14(a) and 20(a) of the U.S. Securities and Exchange Act of 1934 and U.S. Securities and Exchange Commission Rule 14a-9 promulgated thereunder. The complaint arises out of a March 6, 2014 press release announcing that Safeway had entered into a definitive merger agreement with Albertson's, pursuant to which Safeway shareholders would receive, for each Safeway share they own, $32.50 in cash and the right to receive pro-rata distributions of net proceeds from primarily non-core assets, estimated to be worth $3.65 per share. The complaint seeks injunctive relief on behalf of the named plaintiff and all other similarly situated shareholders of Safeway as of March 6, 2014. The named plaintiff is represented by Robbins Arroyo LLP. The named plaintiff alleges that certain of the defendants, in connection with the Proposed Transaction, breached or aided and abetted the other defendants' breaches of their duties and obligations owed to Safeway shareholders. The complaint further alleges that, in an attempt to secure shareholder approval of the Proposed Transaction, the defendants filed a materially false and misleading preliminary proxy statement on Schedule 14A with the U.S. Securities and Exchange Commission in violation of the Exchange Act and their duties of candor and full disclosure. The omitted and/or misrepresented information is believed to be material to Safeway shareholders' ability to make an informed decision whether to approve the Proposed Transaction.
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