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Reports: Cerberus reportedly seeking financing for Supervalu deal
NEW YORK — Cerberus Capital Management, which owns Albertsons LLC, may be looking to reunite the stores as it has reportedly emerged as a possible suitor to acquire all or part of Supervalu, according to published reports.
Cerberus is reportedly seeking $4 billion to $5 billion in debt financing from banks and is looking at investing equity of $800 million to $900 million, a person familiar with the matter reportedly said, although the source cautioned that the figures could change, according to reports.
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Safeway's Just for U loyalty platform, shopping app driving optimism at the chain
PLEASANTON, Calif. — Safeway's approach to multichannel retailing — a shopping app fielding personalized, targeted promotions to members of its growing Just for U loyalty program — represents the foundation for future growth, executives noted during a conference call with analysts Thursday morning.