Thursday, February 20, 2014

Safeway confirms that it may sell

In October I wrote about a published report that claimed Cerberus was looking into a takeover of all or part of Safeway. Yesterday Safeway confirmed that discussions were taking place involving a possible sale of the company.

In a statement, the company said it "has not reached an agreement on a transaction, and there can be no assurance that these discussions will lead to an agreement..."

Last year Safeway sold its Canada and Dominick's divisions, and before that sold or closed all of its Genuardi's stores except one (Audubon, PA).

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