Tag Archives: Safeway Inc.

Safeway to be sold off for $9 billion

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The private equity firm, Cerberus Capital Management, which also happens to be the owner of the Albertsons and several other supermarket chains is now going to purchase the Safeway for $9 billion....

Safeway sold to Cerberus Capital Management, To be merged with Albertsons

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Giant American supermarket chain Safeway hinted about a sale of the company last month. Today, Safeway's Board of Director unanimously approved the merger agreement with Cerberus Capital Management,...

Company rolls out Apples iBeacon to grocery stores

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Startup InMarket starts using Apple's microlocation service iBeacon in grocery stores NEW YORK (AP) — Pretty soon, your phone might remind you to pick up laundry detergent as you peruse...
    






Safeway Buyout Report Issued

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The fact that the second largest grocery supermarket in the US, Safeway is considering being bought out by a potential company has sent its shares way up in the stratosphere. A number of buyout...