staging.rockymountainvoice.com

Menu

Tag: Safeway

Supermarket super merger that would have impacted 105 grocery stores in Colorado collapses
No Comments
State, The Colorado Sun

Supermarket super merger that would have impacted 105 grocery stores in Colorado collapses

By Tamara Chuang | The Colorado Sun A day after two judges in two lawsuits ruled against the proposed $24.6 billion supermarket merger, Albertsons Companies said Wednesday it would end its merger agreement with Kroger. “Given the recent federal and state court decisions to block our proposed merger with Kroger, we have made the difficult decision to terminate the merger agreement. We are deeply disappointed in the courts’ decisions,” Albertsons CEO Vivek Sankaran said. At the same time, the Idaho grocery chain, which owns 105 Safeway and Albertsons grocery stores in Colorado, said it filed a lawsuit against Kroger for breach of merger agreement accusing the larger supermarket chain “repeatedly refusing to divest assets necessary for antitrust approval, ignoring regulators’ feedbac...
Read More
Safeway would be owned in state by two companies post merger, neither would be Albertsons
No Comments
State, The Colorado Sun

Safeway would be owned in state by two companies post merger, neither would be Albertsons

By Tamara Chuang and Olivia Prentzel | The Colorado Sun If the supermarket megamerger goes through as proposed, Safeway stores in Colorado would be owned by two companies. Neither would be the current owner Albertsons, which would fade into acquirer and King Soopers parent, Kroger Co. But while Kroger plans to take over 14 Safeways, the other 89 in the state would find a new owner in C&S Wholesale Grocer, a wholesale distributor that aspires to become a major grocery chain. And don’t forget there are two Albertsons in Pueblo and Durango that C&S plans to buy as part of the divestiture and conversion to Safeway. But C&S won’t own the Safeway brand — just a license to use the name in Colorado and Arizona for three years. Kroger plans to keep the other Safeway stores it’s...
Read More
Could your Safeway be sold soon? See 89 Colorado stores on planned sale list
No Comments
kdvr.com, Local

Could your Safeway be sold soon? See 89 Colorado stores on planned sale list

By Samantha Jarpe | Fox 31 News Albertsons Companies, which owns 103 Safeway stores in the state of Colorado, released a list of 91 stores across the state it plans to sell if a planned merger between the company and Kroger is approved. Of these, two are Albertsons-branded stores and 89 are Safeway-branded stores. With 103 Safeway stores in the state, that means that all but 14 Safeway stores in the state would be sold to C&S Wholesale Grocers, a New Hampshire-based company. This includes all locations within Denver, Aurora and Boulder, among many more. According to a divestiture plan released by the two companies in April, C&S Wholesale would license the Safeway brand in Colorado, meaning the stores would likely not have to rebrand if the deal goes through. READ THE...
Read More