March 10, 2014
Safeway Inc. has agreed to be acquired by AB Acquisition LLC, parent of the Albertsons supermarket chain and an affiliate of Cerberus Capital Management LP, in a deal valued at over $9 billion.
Combined, the company will have more than 2,400 stores and over a dozen store banners, including Safeway, Vons, Pavilions, Randalls, Tom Thumb, Carrs, Albertsons, ACME, Jewel-Osco, Lucky, Shaw's, Star Market, Super Saver, United Supermarkets, Market Street and Amigos.
Costco Wholesale Corp. and Kroger Co. each reported profit declines in their most recent fiscal quarters. But while Costco's results missed analysts' forecasts, Kroger's beat expectations.
Target Corp. chief information officer Beth Jacob resigned on Wednesday.
Former Save-A-Lot executive Tom Lenkevich has joined Ahold USA's Giant/Martin's division as president.
The Sam’s Club division of Walmart has appointed David Badeen vice president of health care, with responsibility for pharmacy, over-the-counter, optical and hearing aid centers, as well as third-party contracting and pricing.
The Federal Trade Commission has approved the acquisition by Bi-Lo Holdings LLC of three southeastern supermarket banners from Delhaize Group. However, Bi-Lo will have to divest 12 stores in Florida, Georgia and South Carolina.
As expected, both sales and earnings fell at Target after a data breach that resulted in the theft of millions of customers’ credit and debit card information drove off customers at the height of the holidays.
The Kroger Co. has promoted Dennis Gibson to president of its QFC division.
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The Global Market Development Center (GMDC) has now enabled member access to the GM Hierarchy, a general merchandise sales tracking tool developed with Nielsen.
Just months after selling its health division, digital media company Catalina has agreed to be acquired by investment firm Berkshire Partners LLC.
Ron Otto, president of National Sales Solutions (NSS), and Angie Echele, president of Retail Smarter, are slated to speak at two conferences hosted by ECRM in Cannes, France, starting this weekend.
Tiger Group is accepting sealed bid offers for the intellectual property, inventory and other assets of Biotech International Corp., including its DermaSilk brand of antiaging skin care products.
TPG Growth, a unit of TPG, a private investment firm, has acquired a majority stake in e.l.f. Cosmetics from the company founders and TSG Consumer Partners LLC.
Altria Group Inc.’s subsidiary, Nu Mark LLC, has agreed to acquire the e-vapor business of Green Smoke Inc. and its affiliates for around $110 million in cash, subject to closing adjustments, and up to $20 million in incentive payments.
Advanced Beauty Inc.’s Cantu hair care brand is a supporting sponsor of the 2014 Essence Black Women in Music event, which will be held January 22 — during Grammy awards week.
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