Cerberus’ Deal For 877 Grocery Stores Could Mean More Store Closings
January 21, 2013 | 1 min to read
Cerberus Capital Management is putting grocery store chain Albertsons back together again.
A Cerberus-lead investment group has cut a deal to acquire 877 stores from SuperValu Inc., including its Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market chains. The deal also includes related Osco and Sav-on in-store pharmacies and totals about $3.3 billion.
Cerberus currently owns and operates 192 Albertsons stores across the South and Southwest. The pending deal will unite the chain under one management again.
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