Analysts are expecting good things for Albertsons-Safeway (owned by New York based Cerberus Capital Management) when the Initial Public Offering (IPO) of stocks are made.   That is they think a lot of ‘investors’ will buy those stocks because investors like what they see is being done with the new grocery chain (meaning shutdowns and layoffs after Albertsons lost $1.2-billion USD in 2014!), but what does it mean for employees of Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market and Carrs?

Analysts describe a couple of scenarios about what Cerberus would do with all the new money they’ll have after the IPO, and both scenarios seem to point to more layoffs.

1: What’s been happening to make the new Albertsons-Safeway ‘more efficient’ (including shutdowns & layoffs) will ramp up.

2: Use the new money to take over even more grocery store chains, but my experience is that the main reason you take over competition is to shut it down.  Over the past several months I’ve read several news reports out of New Jersey, concerning the increasing number of local grocery store shutdowns, and the consensus in that state is that there is too much competition.

By the way, Albertsons is reported to have $12-billion of debt!

Right now Cerberus is the second largest grocery store operator in the U.S.

Number one is Kroger (Baker’s Supermarkets, City Market, Dillons Food Stores, Fry’s Food & Drug, Gerbes Super Markets, Harris Teeter, Jay C, King Soopers, Kroger, Owen’s, Pay Less Super Markets, QFC, Ralphs, Scott’s, Smith’s, Fred Meyer, some Food 4 Less, Foods Co and Ruler Foods, to name a few), and even they’ve been shutting down stores.

Haggen conducts mass layoffs after taking over Albertsons & Vons grocery stores!