Wednesday, July 12, 2017

Albertsons Is Said to Stall Renewed IPO Plans Amid Amazon Deal

AlbertsonsAdd Albertsons Cos. to the growing list of companies haunted by the specter of Amazon.com Inc.’s takeover of Whole Foods Market Inc.

Almost two years after the grocer postponed its initial public offering, Albertsons’ management and its private equity backers have put renewed plans for a listing on hold again, according to people familiar with the matter. Its own failed courtship with Whole Foods and Blue Apron Inc.’s weak IPO performance have further complicated options for a company already struggling with negative same-store sales amid a cutthroat grocery price war.. . . more

No comments: