Albertsons files for public offering

Albertsons Companies has filed a registration statement for an initial public offering on the New York Stock Exchange, according to a company release. The company, which seeks to be listed under the symbol “ACI,” has not determined the number of shares it plans to offer or the price range it [...]

2020-03-16T14:40:58+00:00March 16th, 2020|Tags: , |

Albertsons reportedly weighing another IPO effort

Albertsons once again is reportedly readying for an initial public offering. The Wall Street Journal, citing sources close to the discussions, reported that the Boise, Idaho-based retailer is set to decide in the coming weeks on whether to proceed with an initial public offering that might value the company at roughly [...]

2020-01-17T19:38:05+00:00January 17th, 2020|Tags: , |

Union says first contract offer from big three grocers ‘unacceptable’

The union that represents workers at Southern California’s three major supermarket chains on Friday strongly criticized the grocers’ first comprehensive contract offer, calling it “unacceptable” and making its first veiled threat of a possible work stoppage. Representatives of Vons, Ralphs and Albertsons have been in talks with the United Food and Commercial [...]

2019-05-28T15:29:43+00:00May 28th, 2019|Tags: , , , |

Federal mediator called in to speed up grocery-union talks

A federal mediator has been asked to help move along contract talks between Southern California’s three major supermarket chains and the union that represents most of the workers in their stores. Leaders of the United Food and Commercial Workers met with representatives from Albertsons, Vons and Ralphs for two days [...]

2019-04-08T15:34:39+00:00April 8th, 2019|Tags: , , , , |

Albertsons appoints Vivek Sankaran president and CEO

Albertsons appointed Vivek Sankaran as its new president and CEO effective April 25, the company said in a press release. Sankaran was named CEO for PepsiCo Food North America in December. Sankaran was chosen for his expertise in CPG, retail, manufacturing, technology, logistics and research and development, Albertsons' current president and [...]

2019-04-01T15:52:18+00:00April 1st, 2019|Tags: |