Safeway considers sale to Jewel-Osco parent

02/19/2014 | Chicago Tribune (tiered subscription model) · Bloomberg

Safeway, the nation's second-largest grocery chain, said Wednesday that it is considering a sale of the company. Reports say the potential buyer is Cerberus Capital Management, which also owns Jewel-Osco. California-based Safeway has been divesting assets in an effort to boost revenue and simplify operations, selling off its Canadian business last year and closing its Dominick's stores, which operated in the Chicago area.

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Chicago Tribune (tiered subscription model) · Bloomberg

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