American Stores - 2006 Albertsons Break-up

2006 Albertsons Break-up

On June 2, 2006, the sale of Albertsons essentially split the company into three parts.

• CVS Corporation purchased the 700 free-standing drug stores (Osco Drug and Sav-on Drugs). By 2007 these stores were rebranded as CVS Pharmacy.

• A Cerberus-led group of investors, (who included Kimco Realty Corporation, Schottenstein Stores Corp., Lubert-Adler Partners, and Klaff Realty) purchased the Albertsons stores in northern California, Colorado, Texas, Oklahoma, Florida, Arizona, and New Mexico forming a new corporation called Albertsons LLC. Many of these stores have since been sold to other grocery chains or closed altogether.

• SuperValu purchased the Jewel-Osco, Acme Markets, Shaw's divisions and the remaining Albertsons stores not acquired by Cerberus. SuperValu retains the Osco and Sav-on drug trademarks allowing the pharmacies in their grocery stores to remain branded as Sav-on Pharmacy or Osco Pharmacy.

Both SuperValu and Albertsons LLC use the Albertsons store banner name.