Company Performance Metrics
Bob Miller: District ManagerPast Role: Fred Meyer, CEO
Justin Dye: Chief Administrative OfficerPast Role: General Electric, General Manager of Industrial X-ray Equipment Business
Albertsons's mission is to create a shopping experience that pleases their customers; a workplace that creates opportunities and a great working environment for their associates; and a business that achieves financial success.
Albertsons Companies is an American grocery company founded and based in Boise, Idaho. It is owned and operated by
Cerberus Capital Management.
With 2,200 stores and more than 250,000 employees, the company is the second largest supermarket chain in North America after Kroger, which has 2,424 stores. Prior to its January 2015 merger with Safeway Inc. for $9.2 billion, it had 1,075 supermarkets located in 29 U.S. states under 12 different banners. Its predecessor company, Albertsons, Inc., was sold to Albertsons LLC (a Cerberus Capital Management-led consortium), CVS Pharmacy, and SuperValu Inc. in 2006. CVS acquired the freestanding drugstores while the Cerberus-led consortium (Albertsons LLC) and Supervalu (New Albertsons, Inc.) divided the supermarket divisions among themselves.
After selling the majority of its stores to various buyers, in January 2013, Albertsons LLC, acquired SuperValu's remaining Albertsons stores, as well as its ACME, Jewel-Osco, Lucky, Shaw's and Star Market brands, in exchange for $100 million in cash and $3.2 billion in SuperValu debt. The sale was completed by March 2013. The company's corporate name was Albertson's until 2002 when the apostrophe was removed.
