It's official--Cerberus Capital Management, the private equity giant that already owns a vast collection of former Supervalu brands, agreed to buy Safeway grocery chain for $9 billion. As expected, the deal will be heavily financed by debt--$7...
Turns out these days even being the leader in its sector won't protect a retail chain from the necessity for store closures. CNN Money reports that office supplies giant Staples plans to close 225 stores in North America by the middle of next...
Turns out Kroger may want a piece of the Safeway portfolio after all. Bloomberg reports that the country's largest supermarket operator has contacted both Safeway and its main bidder Cerberus about purchasing a portion of Safeway's stores...