Albertsons Companies, Inc. is an American grocery company with a diverse brand portfolio and a strong presence in the retail and grocery industry. Headquartered in Boise, Idaho, Albertsons is the second-largest supermarket chain in North America after Kroger. With 2,253 stores as of December 2020, Albertsons has an expansive network and employs approximately 325,000 people.
Under the umbrella of Albertsons, there are several subsidiaries and chains that contribute to its brand portfolio. These include Acme Markets, Carrs-Safeway, Haggen, Jewel-Osco, Kings, Pavilions, Plated, Randalls, Safeway, Shaw’s and Star Market, Tom Thumb, United Supermarkets, and Vons. Albertsons has also made strategic acquisitions over the years to expand its business portfolio and strengthen its position in the market.
Key Takeaways:
- Albertsons Companies, Inc. is a major American grocery company.
- It is the second-largest supermarket chain in North America.
- Albertsons operates 2,253 stores and has a diverse brand portfolio.
- Some of the subsidiaries and chains under Albertsons’ umbrella include Acme Markets, Carrs-Safeway, Safeway, Shaw’s and Star Market, and Vons.
- Albertsons has made strategic acquisitions to expand its business portfolio.
Albertsons Company Overview
Albertsons Companies, Inc.
was founded in 1939 by Joe Albertson and is currently owned by
Cerberus Capital Management
. It is a publicly-traded company listed on the NYSE under the symbol ACI. With a revenue of
$71.9 billion in 2021
, Albertsons has a strong presence in the retail and grocery industry. The company offers a wide range of products and services, including bakery, dairy, deli, frozen foods, general grocery, meat, pharmacy, produce, seafood, snacks, and liquor. Albertsons has a large network of
2,253 locations
and employs approximately
325,000 people
.
Albertsons Holdings
Albertsons has a diverse portfolio of affiliated companies, making it a major player in the grocery and retail industry. Some of the key holdings and subsidiaries under Albertsons’ umbrella include:
- Acme Markets
- Carrs-Safeway
- Haggen
- Jewel-Osco
- Kings
- Pavilions
- Plated
- Randalls
- Safeway
- Shaw’s and Star Market
- Tom Thumb
- United Supermarkets
- Vons
These affiliated companies further broaden Albertsons’ reach and allow it to cater to a diverse range of customers across different regions.
Company | Product/Service | Number of Locations |
---|---|---|
Acme Markets | Grocery | 189 |
Carrs-Safeway | Grocery | 8 |
Haggen | Grocery | 15 |
Jewel-Osco | Grocery | 188 |
Kings | Gourmet Grocery | 25 |
Pavilions | Grocery | 25 |
Plated | Meal Kits | N/A |
Randalls | Grocery | 42 |
Safeway | Grocery | 894 |
Shaw’s and Star Market | Grocery | 156 |
Tom Thumb | Grocery | 157 |
United Supermarkets | Grocery | 100 |
Vons | Grocery | 199 |
These affiliated companies contribute to Albertsons’ overall success and help cement its position as a leading player in the industry. With a diverse range of products and a vast network of locations, Albertsons continues to meet the needs of consumers across the United States.
Albertsons Recent News and Acquisitions
In recent news, Albertsons has been actively expanding its business portfolio through strategic acquisitions. One of the notable acquisitions was the merger with Safeway Inc. in 2015, which amounted to a staggering $9.2 billion. This move allowed Albertsons to further strengthen its position in the market and expand its presence.
Additionally, Albertsons made headlines with its acquisition of American Stores Company back in 1998. This strategic move allowed the company to diversify its offerings and tap into new markets. Albertsons’ commitment to growth through acquisitions has been a key factor in its success.
Furthermore, Albertsons has consistently pursued opportunities for expansion. In the late 1990s, the company acquired Seessel’s and other chains, further solidifying its position in the retail and grocery industry. This demonstrates Albertsons’ strategic approach to expanding its business and staying competitive in a rapidly evolving market.
With a focus on maintaining a diverse business portfolio, Albertsons continues to demonstrate its commitment to growth and innovation. Through strategic acquisitions and a strong market presence, Albertsons is well-positioned for future success.
FAQ
What companies does Albertsons own?
Albertsons owns several subsidiary companies and chains, including Acme Markets, Carrs-Safeway, Haggen, Jewel-Osco, Kings, Pavilions, Plated, Randalls, Safeway, Shaw’s and Star Market, Tom Thumb, United Supermarkets, and Vons.
What is the parent company of Albertsons?
Albertsons is currently owned by Cerberus Capital Management.
How many stores does Albertsons operate?
As of December 2020, Albertsons operates 2,253 stores.
What is the revenue of Albertsons?
Albertsons had a revenue of $71.9 billion in 2021.
What products and services does Albertsons offer?
Albertsons offers a wide range of products and services, including bakery, dairy, deli, frozen foods, general grocery, meat, pharmacy, produce, seafood, snacks, and liquor.
How many people does Albertsons employ?
Albertsons employs approximately 325,000 people.
What are some notable acquisitions of Albertsons?
Some notable acquisitions of Albertsons include the merger with Safeway Inc. in 2015 for $9.2 billion, the acquisition of American Stores Company in 1998, and the purchase of Seessel’s and other chains in the late 1990s.
What is the recent news about Albertsons?
Albertsons recently announced its acquisition by Kroger for $25 billion, expected to close in early-2024.