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Rumors have been floating around for months now of a possible buyout of Safeway. During the past week though, chatter of this buyout has increased and now Reuters has released an article with some more detailed information.
The latest news that we have is that Safeway is in negotiations with Cerberus Capital Management about this buyout. The interesting thing about this is that Cerberus also owns the Albertsons LLC chain of stores, so if this buyout goes through it could potentially mean for some big changes for shoppers.
As always with these things though (think back to the Sprouts and Sunflower market merger), it is very likely that many of these changes will take quite a while to reach local stores.
Representatives for Safeway and Cerberus are not commenting at this point, so of course, nothing is 100% confirmed, but I wanted to bring you all up to date with the information that I have on the matter. We will be sure to continue to share the latest news as it becomes available.
In the meantime, Safeway has some great sales running this week, so make sure to stop on over to the Safeway deals section on Bargain Blessings to check them all out.
Stacy says
I’m a employee of Safeway I hope Safeway will keep its employees who work so hard to keep our jobs.me and my coworkers don’t know what’s going to happen if everything goes thru
Thalia says
Heard on news this morning that it may be the King Soopers company buying out Safeway here. Denver Business Journal also had blurb on this. Safeway wants to sell off, but who buys them in Colorado seems to be speculation right now..probably both thinking of buying. I’d rather have it be Albertsons because it might mean one less store with sales doubling coupons, unless Albertsons changes their policy. Also, while I shop King Soopers more frequently, I do depend on Safeway for a few great product deals that I usually don’t see at KS. Also, KS would then pretty much be the only big grocer in Colorado which means less competition which ‘might’ lead to less good sales. One thing I noticed from the merger between Sprouts and Sunflower was that Sunflower carried a larger variety of products that you couldn’t normally find at regular grocers and after the merger many of these items went away. I also find Sprouts to be a little closer to a mainstream grocer than Sunflower had been. I still shop there since they usually have good prices on vegetables and fruits, but I miss the old Sunflower and the variety of products. You are right, it’ll take awhile..keeping my fingers crossed that it’s the company that owns Albertson’s that actually buys them in Colorado!
susan says
Abertson’s recently bought out our United Market Street in Wichita Falls TX. Because of some legalities they had to close our local Albertson’s. The local Albertson’s was bought out by another grocery that I feel is no way compares to the old Albertsons. I feel the buy out of United and the closing of our Albertsons has hurt the customers ability to shop sales.
Leah Frank says
Thanks for the info. I agree that I hope they don’t stop doubling coupons like Albertsons. I don’t have an Albertsons close by so I don’t shop there much plus they don’t double coupons. That would only leave King Soopers. Some Kroger stores in different parts of the country have stopped doubling coupons. However, so far there has been no indication that it will happen here. I keep my fingers crossed because that would really be a bummer.
Mandy says
I don’t know how you also get your info but I appreciate the heads up. I just hope they don’t stop doubling coupons like Albertsons.
Hazel says
Thank you, Jennie – good to know!