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Albertsons Companies, Inc. Albertsons Companies, Inc. [1] [2] is an American grocery company founded and headquartered in Boise, Idaho . With 2,253 stores as of the third quarter of fiscal year 2020 and 270,000 employees as of fiscal year 2019, [3] [8] [6] the company is the second-largest supermarket chain in North America after Kroger.
1. Joseph Albert Albertson (October 17, 1906 – January 20, 1993) was an American businessman; the founder of the Albertsons chain of grocery stores.
Kroger-Albertsons merger. In October 2022, Kroger announced that it was buying grocery store chain Albertsons in a deal that valued the company at $24.6 billion. [1] On November 29, 2022, the chief executives of the two companies went before the antitrust panel of the Senate Judiciary Committee to defend the merger. [2]
United Supermarkets, d.b.a. The United Family is an American supermarket chain. With headquarters in Lubbock, Texas, its roots go back to 1916, when H.D. Snell opened his first United Cash Store in Sayre, Oklahoma. The chain has grown to include 95 stores in 30 Texas cities and over 10,000 workers. In 2014 it became a wholly-owned subsidiary of Albertsons .
The FTC’s bid to block Kroger’s $25 billion acquisition of Albertsons will have a ‘chilling effect’ on dealmaking activity.
Kroger and Albertsons plan to sell an additional 166 stores to C&S Wholesale Grocers, bringing the total to 579 stores that would be sold to make way for their proposed merger.
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