News

Store closures loom as Safeway sale heads to FTC

March 29, 2014/

The landmark $9.4 billion deal orchestrated by New York private equity firm Cerberus will merge Safeway, the nation’s second-largest supermarket chain, with Albertsons, the country’s fifth-largest, and most likely will result in closing stores, changing or tossing familiar products and laying off employees, industry experts say.

By Heather Somerville

Full Story: http://www.mercurynews.com/business/ci_25443799/store-closures-loom-safeway-sale-heads-ftc

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