News Break:
Albertsons regroups;
Acme to get new president
Acme to get new president
Interesting article over at Supermarket News details the changes that are underway as Acme parts way with SuperValu. As you know, Cerberus Capital Management will be the new owner of Acme as of next month. The private equity firm has been the owner of hundreds of Albertsons stores that SuperValu wasn't interested in acquiring back in 2006. Cerberus will reunite the Albertsons they currently own with those that have been owned by SuperValu. Once this all happens, Acme will once again be run Albertsons executives. The article at Supermarket News spells out the changes in management as the two Alberstons divisions join forces. A big change for Acme will be the appointment of yet another new president. Check out the article for all the details.
I'll say what I said after the cerberus deal: the only thing we can all do is wait and see what will happen. I will not second guess what might/might not take place.
ReplyDeleteI have just noticed something interesting! there are two types of the block letter logo! one has the "C" slightly rounder and floating slightly above the other letters. The newer one has a straighter better looking "c"
ReplyDeleteLook no further than Cerberus' past to see what will happen to ACME and those other banners. Cerberus bought 661 Albertsons in 2006. They CLOSED around 460 of them!!!! Fact: Cerberus makes money from realestate deals, NOT from selling groceries.
ReplyDeleteYes, there is nothing at all to be excited about with Cerberus owning Acme. Acme was better off being owned by Supervalu. Supervalu was bad, I do know this. But we will be down to 50 Acme's in a few years.
ReplyDeleteFear not! They rid themselves of the ACME Stupidcard, now we get Card free savings! and from Cerberus Era Acmes, only 1 store closed in 2013, and 2 in 2014. Atleast Its saved from StupidValu's Death Spiral
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