Albertsons, Rite Aid Scrap Merger Deal
Albertsons and Rite Aid have mutually agreed to terminate their previously announced merger plan.
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Albertsons, Greycroft Form Technology Investment Fund
Albertsons and venture capital firm Greycroft have created an investment fund, of up to $50 million over time, that will invest in and aim to help grow emerging companies and technologies in the grocery channel.
Rite Aid Urges Shareholders To Vote For Albertsons Merger
Rite Aid has sent a letter to shareholders urging their support for the pending Albertsons merger at the company’s upcoming special meeting.
Albertsons Opens New Flagship Store
Albertsons has opened a new flagship store near its headquarters in Boise, ID, which presents shoppers with a diversity of food choices.
Albertsons Cuts Loss In Q1 As Rite Aid Merger Advances
As it advances its merger with Rite Aid, Albertsons posted a first quarter net loss of $17.7 million versus a net loss of $204.9 million in the year-prior period.
Rite Aid Posts Loss As It Prepares Albertsons Merger
As Rite Aid prepares for its pending merger with supermarket operator Albertsons, the drug store chain posted a net loss in the first quarter.
Publix Names VP/Pharmacy
Dain Rusk will be joining Publix as vp/pharmacy, effective June 1, 2018.
Rite Aid’s Net Income Rises In Q4
It was an active fourth quarter and fiscal year for Rite Aid, with the retailer selling some of its stores to Walgreens and forming a pending merger deal with Albertsons.
Rite Aid, Albertsons Move Closer To Merger
Rite Aid said that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, in connection with its previously announced merger with Albertsons, expired on March 28.
Albertsons To Expand Assortment With Online Marketplace
Albertsons has initiated a general registration for the company’s soon-to-be-launched digital marketplace, which will allow participating vendors to direct ship Albertsons customers.
Albertsons Appoints Donald President And COO
Albertsons Companies has appointed Jim Donald president and chief operating officer of the company, effective immediately.
Albertsons To Acquire Rite Aid
Privately held Albertsons Companies will acquire publicly traded Rite Aid Corporation in what the companies termed a definitive merger agreement.
Albertsons Names Morris EVP/COO
Albertsons has named Susan Morris as the company’s new executive VP and chief operations officer. She will oversee the company’s supply chain, manufacturing and operations functions.
Albertsons Taps Instacart For Delivery Services
Albertsons Companies has tapped Instacart to develop its same day grocery delivery service.
Albertsons Invests In El Rancho Supermercado
Albertsons Companies has invested in El Rancho Supermercado, a Texas-based retailer which focuses on stores for Latino customers.
Albertsons Raises $8 Million For Hurricane Relief Efforts
As part of its charitable efforts, Albertsons Companies said that in the span of 21 days, its customers and employees helped raise more than $8 million in disaster relief donations for the victims of Hurricanes Harvey and Irma through a point-of-sale campaign at its 2,300-plus stores.
Albertsons To Acquire Plated Meal Delivery Service
Albertsons is about to enter the meal kit delivery business with the acquisition of Plated, which will operate as a wholly-owned subsidiary of the grocery retailer. The deal is expected to close by the end of September.
Albertsons Appoints Turner Vice Chairman, Senior Advisor
Albertsons Companies has appointed Kevin Turner vice chairman of the board of managers of AB Acquisition LLC, the company’s direct parent, and senior advisor to the chairman and CEO, Bob Miller.
Albertsons Expands Digital Team
Albertsons Co. has added two executives with major corporation experience to its digital management team.
Albertsons Appoints Withers EVP/Retail Operations
Albertsons Companies has appointed Mike Withers, currently president of the Jewel-Osco division, evp/retail operations for the company.