Content about Albertsons LLC

MINNEAPOLIS — Supervalu on Thursday announced the completion of the sale of its Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market stores and related Osco and Sav-on in-store pharmacies to AB Acquisition LLC, an affiliate of a Cerberus Capital Management-led investor consortium, in a stock deal valued at $3.3 billion, including $100 million in cash and $3.2 billion in debt assumption. 

MINNEAPOLIS — Supervalu on Monday morning announced several changes to its executive and banner retail leadership teams, as it continues preparations to move forward with a focus on serving wholesale grocery operators, growing its hard discount format and running a smaller, more efficient retail operation following the close of its previously announced transaction with AB Acquisition (Albertson's LLC). 

MINNEAPOLIS — Upon the closing of Supervalu's sale of five pharmacy banners to Albertsons LLC, Dan Salemi will assume the role of president of pharmacy at the new Albertsons LLC, DSN has learned.

Salemi will succeed Supervalu president pharmacy operations Chris Dimos. Dimos will remain in his current role until the transaction closes. Supervalu has not named a pharmacy head for the 191 retail operations that will remain with Supervalu.

BOISE, Idaho — Albertsons named the division presidents who will lead the 877 stores it will acquire from Supervalu after the purchase agreement closes next month, the company said. The two companies agreed to the purchase in January.

NEW YORK — The breakup of Supervalu to private equity firm Cerberus Capital Management could be announced as soon as Thursday when Supervalu shares third-quarter results with analysts, according to a report in the Wall Street Journal published Friday. 

NEW YORK — Cerberus Capital Management, which owns Albertsons LLC, may be looking to reunite the stores as it has reportedly emerged as a possible suitor to acquire all or part of Supervalu, according to published reports. 

Cerberus is reportedly seeking $4 billion to $5 billion in debt financing from banks and is looking at investing equity of $800 million to $900 million, a person familiar with the matter reportedly said, although the source cautioned that the figures could change, according to reports.

BOISE, Idaho — Albertsons LLC has announced that it is making a $56,000 donation to the Salvation Army’s disaster relief efforts in the South and Midwest, following the series of spring tornadoes that impacted the area.

The campaign, which began on April 4 and concluded on April 30, allowed customers to select a $1, $3 or $5 donation coupon while paying for their groceries.

BOISE, Idaho — Albertsons LLC is sharpening its focus on social media and digital marketing with the creation of a new social and digital marketing team that will be led by technology and social marketing expert Karl Meinhardt.

GREENVILLE, S.C. — The proposed acquisition of Winn-Dixie by fellow Southeast grocer Bi-Lo would create a regional pharmacy operator with almost 500 pharmacy operations and pharmacy revenue of around $780 million, according to Drug Store News projections.

That would make the Bi-Lo/Winn-Dixie combination No. 24 on Drug Store News' PoweRx50 — a list of the top 50 pharmacy retailers operating in the U.S. — falling in just behind Albertsons LLC (which posted $787 million in pharmacy revenue in 2010) and well ahead of Fred's ($628 million).

TAMPA, Fla. — Hair care brand Not Your Mother’s has announced that it is adding more than 7,500 new retail outlets to its distribution in January.

BOISE — Privately owned Albertsons LLC, which operates more than 200 pharmacies across six states, has named Stewart Edington VP pharmacy operations.

Edington has been with Albertsons stores since 2003, when he was hired as a pharmacy manager and worked in the company’s Phoenix stores. In 2006, Edington joined Albertsons LLC as the division pharmacy manager for the company's Florida stores, a position he has held for the last five years.

OLD TAPPAN, N.J. A line of tea beverages is arriving at Albertsons stores in California and Nevada.

New Leaf's beverage line, which includes 11 unique tea flavors, four lemonades and two diet iced teas, will be available at 248 Albertsons locations in the two states.