![]() ![]() The original store was built onto several times, but it was demolished in 1979, and a replacement store was built on the same property. An ad in Boise's Idaho Statesman newspaper touted Albertson's first store as "Idaho's largest and finest food store." The store was filled with perks that, at the time, were brand new: free parking, a money-back guarantee, and even an ice cream shop. History Beginnings Īlbertsons was founded in 1939 by Joe Albertson (1906–1993) on July 21 in Boise, Idaho. On October 14, 2022, Kroger announced it would be acquiring Albertsons for $25 billion. until 2002, when the apostrophe was removed. ![]() The company's corporate name was Albertson's Inc. After buying back the majority of its former stores it sold to SuperValu in 2006, AB Acquisition announced it would change its name to Albertsons Companies Inc. Its predecessor company, Albertsons, Inc., was reorganized as Albertsons LLC and sold to AB Acquisition LLC, a Cerberus Capital Management-led consortium. for $9.2 billion, it had 1,075 supermarkets located in 29 U.S. Prior to its January 2015 merger with Safeway Inc. Albertsons ranked 53rd in the 2018 Fortune 500 list of the largest United States corporations by total revenue. With 2,253 stores as of the third quarter of fiscal year 2020 and 270,000 employees as of fiscal year 2019, the company is the second-largest supermarket chain in North America after Kroger. is an American grocery company founded and headquartered in Boise, Idaho. It is unclear how the transaction, if approved, would impact Paul’s Market employees.Albertsons Companies, Inc. The parties anticipate and hope to close the deal for these stores sometime in April. The transaction is subject to customary closing conditions. “We sincerely thank our communities for 60 years of shopping with us, and we look forward to watching how these stores evolve to serve their customers for the future.” “From the day that our family opened the first Paul’s Market store in 1955, we have been a proud Treasure Valley grocer, and we know that the folks at Albertsons share our values and commitment to providing the best to our communities,” stated Stan and Steve Zatica, co-owners of Paul’s Market, in a news release. “We are excited to have the chance to add experienced retail employees to our ranks, as well as the opportunity to build on that foundation and earn the trust of Paul’s Market loyal customer base.”Īlbertsons Intermountain Division operates 84 stores in Idaho, Montana, Wyoming, Utah, Colorado, North Dakota and Nevada. ![]() ![]() “Over its many years operating retail food stores in the region, Paul’s Market has developed an outstanding reputation for quality, selection and service,” said Brad Street, Albertsons Intermountain Division President. As a part of the transaction, Albertsons will acquire the properties. Separately, Paul’s Market also announced plans Monday to close its three stores in Caldwell, Mountain Home and Nampa. In a news release, Albertsons will be rebranding the Paul’s Market stores at 20 East Wyoming in Homedale, 700 East Avalon in Kuna, 10565 Lake Hazel Road in Boise, and 132 East Lake in McCall Albertsons Companies announced Monday that it has entered into an agreement to purchase and rebrand four Idaho-based Paul’s Market stores. ![]()
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