Albertsons
Albertsons Companies, Inc. is an American grocery company founded and headquartered in Boise, Idaho.
| Formerly | Albertson's Inc. (until 2006 sale to Supervalu, Cerberus) |
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| Company type | Public |
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| Founded | July 21, 1939 |
| Founder | Joe Albertson |
| Headquarters | Boise, Idaho, U.S. |
Number of locations | 2,271 (December 2023) |
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| Products | Bakery, dairy, deli, frozen foods, general grocery, meat, pharmacy, produce, seafood, snacks, liquor |
| Services | Supermarket |
| Revenue | US$71.9 billion (2021) |
| US$2.4 billion (2021) | |
Net income | US$1.6 billion (2021) |
| Total assets | US$28.1 billion (2021) |
| Total equity | US$3.0 billion (2021) |
| Owner | Cerberus Capital Management |
Number of employees | 325,000 (May 2020) |
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| Website | www www |
With 2,253 stores as of the third quarter of fiscal year 2020 and 270,000 employees as of fiscal year 2019, the company is the second-largest supermarket chain in North America after Kroger. Albertsons ranked 53rd in the 2018 Fortune 500 list of the largest United States corporations by total revenue. 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 reorganized as Albertsons LLC and sold to AB Acquisition LLC, a Cerberus Capital Management–led consortium. After buying back the majority of its former stores it sold to SuperValu in 2006, AB Acquisition announced it would change its name to Albertsons Companies Inc. in 2015. The company's corporate name was Albertson's Inc. until 2002, when the apostrophe was removed.
On October 14, 2022, Albertsons announced it would be acquired by Kroger for $25 billion. On November 30, 2023, Kroger CEO Rodney McMullen announced that the companies had satisfied the informational requirements of the Federal Trade Commission, and the deal is expected to close in early-2024. However, in January 2024, Washington state sued to block the proposed $25 billion merger between Kroger and Albertsons, warning that if approved it could raise prices and harm consumers. In February 2024, Colorado Attorney General Phil Weiser also filed a lawsuit, saying consumers told him they feared it "would lead to stores closing, higher prices, fewer jobs, worse customer service, and less resilient supply chains.”