Albertsons LLC

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The state of the union in food retail

21 Jul 2006

North American food retailers are under pressure to cut costs and employees are taking the brunt of their efforts, but in Europe trade unions have, so far, prevented the same trend taking root. Dave Robertson investigates the controversy surrounding unions in the food retail sector.

US: Lifeway Q2 sales up 26%

6 Jul 2006

US kefir manufacturer Lifeway Foods yesterday (5 July) announced that sales for the second quarter, ended 30 June, were up 20% to US$6.37m from $5.1m reported in Q2 2005.

US: Supervalu to invest in further expansion

29 Jun 2006

Speaking at Supervalu’s annual shareholders meeting yesterday (28 June) Supervalu chairman and CEO Jeff Noodle outlined the retailer’s multi-faceted approach to creating sustainable success.

US: Albertsons acts on Salmonella scare

23 Jun 2006

Albertsons has issued a warning to its Californian carrot consumers to return certain products due to a food poisoning risk.

US: Albertson’s deals completed

5 Jun 2006

US retailer Albertson's has announced that the acquisition of part of its operations by a group of investors led by Cerberus Capital Management has been completed.

US: Supervalu issues first guidance for 2007

23 May 2006

US retail group Supervalu has issued its first revenue and earnings guidance taking account of its acquisition of part of the Albertsons group.

US: Supervalu Q4 hit by Albertsons purchase

19 Apr 2006

US retail group Supervalu, part of the consortium acquiring the retailer Albertsons, reported fourth-quarter sales more or less on a par with the fourth quarter of 2005, but net earnings were reduced by various after-tax charges and costs associated with the purchase of Albertsons.

US: Robert Miller takes on remaining Albertsons stores as CEO

20 Mar 2006

According to a report by the Associated Press, Cerberus Capital Management has said that Robert Miller will take on responsibility for the remaining Albertsons stores in the role of Albertsons’ CEO once the sale of the second-largest US grocer is finalised.

US: Albertsons deal gains FTC clearance

15 Mar 2006

The sale of retail group Albertson's to SUPERVALU, CVS, and a consortium led by Cerberus Capital has cleared regulatory approval by the FTC following the expiry of the pre-merger waiting period required by law.

US: Albertsons sales slightly up ahead of closure

8 Mar 2006

Sold food store Albertsons has bowed out of 2005 with total yearly sales of US$40.4bn compared to $39.8bn last year and a comparable store sales increase of 0.4%.

Tesco thinks small in bold US move

2 Mar 2006

In announcing its move into the US, Tesco has set itself a daunting challenge, one that has defeated other European retailers. Katy Humphries looks at what makes Tesco’s move different and why analysts expect the company may have a decent chance of success.

US: Consortium to buy Albertsons

24 Jan 2006

A consortium consisting of Supervalu Inc., CVS Corporation and an investment group led by Cerberus Capital Management, L.P., has agreed to acquire Albertsons, Inc., the food and drug stores group, for a total consideration of US$17.4bn, in cash, stock and assumed debt.

US: Groups confirm Albertson's talks back on

23 Jan 2006

Albertson's Inc confirmed Friday (20 January) that it has received an offer for the purchase of the entire Company. The offer was received from the same consortium that had previously submitted an offer for the company in December.

What next for Albertsons?

22 Jan 2006

The on-again, off-again sale of Albertsons has given retail analysts pause for thought. In the age of deep discounts yet selective extravagance, what must a midmarket grocer do to prosper? David Robertson investigates.

US: Albertson buy-out talks resume

19 Jan 2006

A group of private-equity investors working with grocery chain Supervalu have resumed talks to purchase Albertsons, submitting a new US$9.6bn bid, the Wall Street Journal reported today (19 January).

US: Albertson's confirms talks breakdown

23 Dec 2005

Albertson's confirmed yesterday (22 December) that it has terminated all discussions regarding the potential sale of the entire company.

US: Albertsons takeover talks break down - report

22 Dec 2005

Talks surrounding the takeover of Albertsons Inc have broken down, according to a US press report.

ISRAEL: Group aims to help food companies tackle US market

12 Dec 2005

The Israel-America Chamber of Commerce has established a food, beverages, and consumable committee to help Israeli food companies market their products in the US.

Albertsons bidders should heed Morrisons’ Safeway troubles

28 Nov 2005

With the takeover battle for the US’s number two supermarket, Albertsons, stepping up a gear, the rival factions should consider the fate of a recent food industry merger in the UK before committing their investors’ billions, says David Robertson.

USA: Kettle Foods announces new president, new range

17 Nov 2005

Snack maker Kettle Foods has announced the appointment of Tim Fallon as president North America and general manager and the launch of a new "better for you" line of all-natural snack products.

USA: Albertsons attracts preliminary bid from Kroger - report

26 Oct 2005

US supermarket group Albertsons has reportedly attracted a preliminary takeover bid from rival grocery retailer Kroger.

USA: Albertsons' Q2 earnings edge higher

7 Sep 2005

US supermarket chain Albertsons has reported a slight rise in net earnings for the second quarter to 4 August and said it was still “aggressively” running the company despite last week’s announcement that it is exploring a possible sale of the company.

USA: Albertsons to explore strategic alternatives, consider sale

5 Sep 2005

Grocery retailer Albertsons has announced that its board of directors is exploring strategic alternatives to increase shareholder value, including a possible sale of the company.

USA: ConAgra cautions shareholders over mini-tender offer

15 Aug 2005

US packaged food company ConAgra Foods has said it has received notice of an unsolicited "mini-tender" offer, made by TRC Capital Corporation of Ontario, Canada, to purchase up to 3.5 million of ConAgra Foods' common shares, which represents approximately 1.1% of the shares outstanding.

USA: Albertson’s announces management changes

9 May 2005

US grocery retailer Albertson’s has announced a series of changes in its senior management structure which, it says, will improve organisational efficiency.

USA: GNX, WorldWide Retail Exchange announce merger

26 Apr 2005

Retail supply chain exchanges GlobalNetXchange and the WorldWide Retail Exchange today (Monday) announced that they have agreed to merge.

USA: Albertsons reports sharp rise in net earnings, but CEO not pleased

15 Mar 2005

US grocery retailer Albertsons has reported a sharp rise in net earnings to $186m in the fourth quarter ended 3 February 2005, compared with $129m in the same period a year earlier, but chairman and CEO Larry Johnston said he was not pleased with the performance.

USA: Monterey Gourmet Foods introduces whole wheat pasta range

15 Feb 2005

Monterey Gourmet Foods has announced a new fresh whole wheat pasta line under its Monterey Pasta Company brand.

USA: Bay area grocers strike tentative deal with unions

25 Jan 2005

US grocers Albertsons, Kroger and Safeway have announced that they have reached a tentative contract agreement with eight local units of the United Food and Commercial Workers Union (UFCW) in the San Francisco Bay area.

USA: Albertsons employee suit given class action status

6 Jan 2005

A lawsuit brought by former employees of US retailer Albertsons concerning delayed payment of final pay checks has been awarded class-action status by a Los Angeles judge.

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