Report: Albertsons Eye Takeover Of Whole FoodsApril 25, 2017
U.S. grocery company Albertsons is reportedly eyeing a takeover of upscale supermarket chain Whole Foods, the Financial Times reported. Whole Foods operates more than 465 stores throughout the U.S., Canada and the U.K. and is estimated to have a market value of $11.4 billion. Albertsons’ interest in the chain follows its acquisition of grocery chain Safeway for $9 billion in 2014, as well as recent attempts to merge with organic food retailer Sprouts Farmers Market earlier this year. Operating more than 2,200 stores across 19 different brands in the U.S., Albertsons is controlled by private investment firm Cerberus Capital Management. —Christina JelskiSubscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.