Albertsons’ board has launched a strategic review of its businesses
Albertsons’ board has started a strategic review of its business to enhance growth and maximize shareholder value, the company said Monday.
That means the grocery retailer, which operates five supermarket brands in Texas, could be selling some assets or may try to take the company private.operates in Texas under its namesake brand, Tom Thumb,Goldman Sachs and Credit Suisse have been hired by the board to serve as financial advisers to assist in the review of “potential strategic alternatives.”
“The review will include an assessment of various balance sheet optimization and capital return strategies, potential strategic or financial transactions and development of other strategic initiatives to complement Albertsons’ existing businesses, as well as responding to inquiries,” the company said.
If Albertsons has been approached by a potential buyer, there haven’t been any speculative reports of such activity. Albertsons went public in 2020. It was taken private once before, in 2006, by private equity led by Cerberus. But it’s a bigger company now.
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