albertsons

Kudos: Tahoe Magic thanks community

Farwell 2020! We will always remember this year, but for most of us, we are also ready to kiss it goodbye with a swift kick to the curb. Our community, like all communities has been hard hit with lost income, closed businesses, stay at home orders, COVID and virtually learning at home. We have missed socializing, travelling, entertaining and being entertained, enjoying our extended family and cannot even see a friend’s smile behind their mask. We missed so much of 2020 and it has hurt, to be honest.

Albertson's Parent Company Cerberus Buys Safeway

Pleasanton-based Safeway has reached a preliminary deal to be sold for more than $9 billion to the private equity firm Cerberus Capital Management, the owner of Albertsons and several other supermarket chains.

After a less than stellar net earnings in the fourth quarter of 2013, Safeway had announced in February that they may be looking for a buyer.

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