Monday, July 20, 2015

Albertsons files for IPO

Earlier this month, Albertsons, the second-largest traditional supermarket operator in the United States (behind Kroger), filed for an initial public offering. The IPO, which comes only a couple years after an investor group led by Cerberus Capital Management purchased the company from Supervalu, is expected to raise about $100 million.

Albertsons said it plans to use the money to pay down debt and fund other corporate initiatives.

Albertsons currently operates over 2,200 grocery stores in 33 states under banners that include Albertsons, Acme, Safeway, Vons, Jewel-Osco and others.


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