Albertsons expects to raise more than $1.8 billion through its proposed initial public offering, according to an SEC filing made Friday.
Albertsons Pharmacy & Business News
Haggen’s acquisition of 146 Albertsons and Safeway stores is shaping up as a disaster and the reasons why are detailed in a new lawsuit that puts the blame squarely on the parent company — Albertsons Holdings — of the divested stores.
Through the acquisition, Haggen expanded from 18 stores with 16 pharmacies in the Pacific Northwest to 164 stores and 106 pharmacies across Washington, Oregon, California, Nevada and Arizona.
FSI advertising expenditures are up 2% across pharmacy retailers and up 7% among grocers.
ACME will enter new markets in Connecticut and New York with its acquisition of A&P stores.
Albertsons completed its acquisition of Safeway earlier this year to create a $57.5 billion company that now plans to return to public ownership with a major stock offering that has implications for trading partners and competitors.
AB Acquisition LLC — parent company of Albertson's, New Albertson's and Safeway (collectively Albertsons) — has named industry veteran Mark Panzer as SVP of pharmacy, health and wellness, overseeing the company's 1,760 pharmacies in 34 states across the country.
With more than $225 billion in pharmacy sales and more than 67,000 stores, the 2015 PoweRx list represents more than 80% of the total retail pharmacy business.
AB Acquisition LLC — parent company of Albertson's LLC, New Albertson's Inc. and Safeway (collectively Albertsons) — announced on Friday that Bob Miller, the company's current executive chairman, will assume the additional role of CEO, effective immediately.
The recently merged Albertsons and Safeway organization has named a new president of the Intermountain division.