Albertsons Company Description
Call it the incredible shrinking grocery chain. Albertsons LLC (formerly Albertson's) is all that's left of what was once the nation's #2 supermarket operator. Stung by competition, the 2,500-store chain sold itself in mid-2006 to a consortium that included rival grocer SUPERVALU, drugstore chain CVS, investment firm Cerberus Capital Management, and Kimco Realty for about $9.7 billion. SUPERVALU and CVS cherry picked the company's best supermarket and drugstore assets. Subsequent divestments (most notably 132 stores in Northern California and another 50 stores in Florida) have left the company with 250-plus Albertsons supermarkets and about 115 Express fuel centers in about half a dozen states.
View the Comprehensive Company Description for Albertsons
The Company Description provides a historical perspective of Albertsons's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Albertsons's evolution in the marketplace.
