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Monday, Jan 30, 2023
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Albertson’s Considers Sale of Company

Albertson’s Inc. said Friday it was considering putting itself up for sale as well as other alternatives as the supermarket chain contends with sales that have lagged many of its rivals.


The company, which operates about 2,500 stores including Albertson’s, Acme, Shaw’s, Jewel-Osco and Sav-on Drugs, said it is interested in pursuing “strategic alternatives” to increase shareholder value. The company’s board retained Goldman Sachs & Co. and Blackstone Group LP as financial advisers.


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