The eleventh-hour collapse of the merger between Albertsons Cos. and Rite Aid Corp. in the face of opposition from the latter’s shareholders raises a host of questions for the two companies and the people who run them. The plug was pulled earlier this month, less than a day before Rite Aid stockholders were to have
CAMP HILL, Pa. — Rite Aid Corp. shareholders will vote on the company’s merger with Albertsons Cos. at a special meeting on August 9. If approved, the $24 billion transaction would take privately held Albertsons public and give its shareholders a majority stake in the combined company. The merged entity would be a top-five food
LAS VEGAS —IRI’s 2018 Growth Summit kicked off yesterday at the Wynn Las Vegas with a record-breaking attendance of approximately 1,500 participants. The Chicago-based market research firm’s 15th annual IRI Growth Summit, running from April 16-18 features visionaries and leaders from the world’s top consumer packaged goods manufacturers, retailers and media agencies.With an ever-changing marketplace,
The pending merger between Albertsons Cos. and Rite Aid, which was announced late last month after extensive negotiations, represents a major milestone for the companies involved and a potentially decisive turning point in the ongoing, if sometimes sporadic, effort by mass market retailers to more closely align nutrition, health and wellness in order to better
BOISE, Idaho — Albertsons Cos. announced on Tuesday that president and chief operating officer Wayne Denningham plans to retire near the end of the company’s fiscal year. Denningham garnered over 40 years with the company, having started working as a clerk as a teenager. The company has named Susan Morris executive vice president and chief
BOISE, Idaho — Albertsons Cos. has signed a deal with Instacart to offer same-day grocery deliveries in more than 1,800 stores by mid-2018, the company announced Tuesday. “Instacart’s extensive delivery network combined with Albertsons Companies’ existing home delivery services and established, robust e-commerce offering creates a fantastic customer proposition,” said Albertsons chief marketing and merchandising
BOISE, Idaho — Albertsons Cos. has appointed Jonathan Mayes as senior vice president of external affairs and chief diversity officer. In this post Mayes will be responsible for overseeing and leading the company’s diversity and inclusion efforts, along with the its government relations, sustainability and philanthropy departments. “As one of the largest employers in the
BOISE, Idaho — Leveraging the grocery and pharmacy areas of its stores, Albertsons Cos. has expanded its Eating Healthy with Diabetes food tours to help diabetes patients better manage their health. Albertsons said Thursday that through April 30, the Eating Healthy with Diabetes program will offer free guided tours with local registered dietitians at 400
BOISE, Idaho — Hunger Is, a joint charitable program of the Albertsons Cos. Foundation and the Entertainment Industry Foundation to raise awareness and funds to end childhood hunger in the United States, has been nominated for two prestigious 2017 Halo Awards, North America’s highest honor for corporate social initiatives and cause marketing. The awards, now
BOISE, Idaho – Albertsons Cos. has agreed to purchase and rebrand four Paul’s Market stores in Idaho. The stores, which will be converted to the Albertsons banner, are located in Homedale, Kuna, Boise and McCall, Idaho. Paul’s Market also announced that it will close its three other stores, which are located in Caldwell, Mountain Home
BOISE, Idaho – Albertsons is preparing for an initial public offering of stock and has reacquired 33 of the stores it was forced by antitrust regulators to sell ahead of its buyout of Safeway. Albertsons last month filed an amended S-1 form with the Securities and Exchange Commission regarding its IPO. The company expects to
BELLINGHAM, Wash. – Haggen Inc. is selling its remaining stores, completing a downward spiral precipitated by its acquisition last December of 146 Albertsons supermarkets. The retailer has received bankruptcy court approval to auction off its 33 core stores in Washington and Oregon on February 5. “The Haggen group of core stores is well run with