Content about Albertsons

May 7, 2013

In an era where brick-and-mortar retailers face increasing challenges from the Internet and a still slow recovery, they must rely on their real estate staff — particularly those under the age of 40 — more than ever before. These professionals, who bridge the "tried-and-true" methods of their mentors and the technology-driven next generation, are creating the stores, the shopping centers, the streets of today and tomorrow.

March 21, 2013

Supervalu completes sale of five chains to Cerberus-led investor group

Supervalu 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.

New York -- 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. The stock deal is valued at $3.3 billion, including $100 million in cash and $3.2 billion in debt assumption.

January 29, 2013

Report: Supervalu sets rate on $2.4B loan for Cerberus sale

Bloomberg reported Tuesday that Supervalu Inc. has set the rate it will pay on $2.4 billion of loans to fund the sale of five supermarket chains to a Cerberus Capital Management LP-led investor group.

Eden Prairie, Minn. -- Bloomberg reported Tuesday that Supervalu Inc. has set the rate it will pay on $2.4 billion of loans to fund the sale of five supermarket chains to a Cerberus Capital Management LP-led investor group.

A six-year, $1.5 billion term will pay interest at 5.75 percentage points more than the London interbank offered rate with a 1.25 percent minimum, reported Bloomberg, citing an unnamed source.

January 10, 2013

Kimco Realty part of Supervalu deal

In the much-watched deal between Supervalu and a consortium of investors led by Cerberus Capital Management, Kimco Realty Group – along with several other real estate companies — has emerged as a player.

New Hyde Park, N.Y. — In the much-watched deal between Supervalu and a consortium of investors led by Cerberus Capital Management, Kimco Realty Group – along with several other real estate companies — has emerged as a player.

January 10, 2013

Supervalu in deal with private-investor group led by Cerberus

Supervalu Inc. announced that it has reached a deal to sell its Albertsons, Acme, Jewel-Osco, Shaw's and Star Market stores and related Osco and Sav-on in-store pharmacies to a private equity group in a transaction valued at $3.3 billion.

Minneapolis -- Supervalu Inc. announced Thursday that it has reached a deal to sell its Albertsons, Acme, Jewel-Osco, Shaw's and Star Market stores and related Osco and Sav-on in-store pharmacies to a private equity group in a transaction valued at $3.3 billion.

AB Acquisition, a consortium of investors led by Cerberus Capital Management, will get 877 stores across the various banners in the deal. The investor group also includes Kimco Realty Corp., Klaff Realty LP, Lubert-Adler Partners and Schottenstein Real Estate Group.

October 23, 2012

Cerberus reportedly seeking financing for Supervalu deal

Multiple reports suggested that private equity firm Cerberus Capital Management, which owns Albertsons LLC, may be putting together a deal to buy all or part of the grocery chain.

New York -- Multiple reports on Monday suggested that private equity firm Cerberus Capital Management, which owns Albertsons LLC, may be putting together a deal to buy all or part of the grocery chain.

Cerberus is said to be seeking $4 billion to $5 billion in debt financing from banks to back a bid and is looking at investing $800 to $900 in equity in its takeover quest, a person familiar with the matter is reported to have said. That same source cautioned that the figures could change.

January 19, 2010

Supervalu to consolidate Albertsons procurement

Supervalu plans to consolidate its five Albertsons meat and grocery procurement offices in the western...

May 31, 2008

Local Taxes Simplified

Taxes may be one of the only certainties in life, but that doesn’t make...

August 2, 2005

Albertsons To Test In-Store Health Clinics

Boise, Idaho, Albertsons...

May 18, 2005

Albertsons to Exit Jacksonville Market

Boise, Idaho, Albertsons...