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Albertsons Looks To Raise $1.51B In IPO On A $11.61B Valuation

PYMNTS

Founded 80 years ago, the Boise, Idaho, chain has been owned for the past 14 years by private equity firm Cerberus Capital Management, according to Supermarket News , which first reported the IPO in March. billion in an IPO, but backed off amid lackluster market conditions for retail stocks later that year. Albertsons Cos.,

Idaho 197
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Amazon To Build More Whole Foods Locations

PYMNTS

According to the report in the Wall Street Journal , Whole Foods Market aims to have stores in more suburban areas where it has been gaining customers since Amazon bought it. Prior to the acquisition, Whole Foods was in layoff mode as store growth was slowing.

Wyoming 159
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Kroger Expands Home Chef Meal Kit Offerings To New Stores

PYMNTS

“Last October, Kroger introduced Home Chef retail meal kits, and we’re now expanding to add the easy-to-prepare recipes to hundreds of new locations, providing convenient access to the meal solution at more than 700 stores. .”

Ohio 116
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Southeastern Grocers Rolls Out IPO

PYMNTS

Additional book-running managers for the IPO include Wells Fargo Securities, BMO Capital Markets and Deutsche Bank Securities Inc. The news comes as the long-anticipated IPO of Albertsons , the Idaho-based supermarket company, proceeded in June following often-fraught years of planning. billion fundraise once expected.

Idaho 167
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Slimmed-Down Albertsons IPO Raises $800M

PYMNTS

The long-awaited initial public offering (IPO) of Idaho-based grocery chain Albertsons went ahead on Friday (June 26) after often-fraught years of planning. Now trading on the New York Stock Exchange under the symbol ACI, the chain sold 50 million shares at $16 per share, bringing in $800 million – well below the 68 million shares and $1.5

Idaho 224
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Albertsons’ Online Sales Surge 276 Pct As Pandemic Reshapes Shopping

PYMNTS

The Idaho-based supermarket chain reported overall sales and revenue of $22.8 We have accelerated our digital and eCommerce strategy to adapt to market conditions. Albertsons reported a 276 percent jump in digital sales during its fiscal first quarter ending June 20, as the pandemic pushed shoppers online.

Online 141
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CFPB announces settlement with payday and auto title loan lender to resolve alleged CFPA, FCRA, and TILA violations

CFPB Monitor

to resolve alleged violations by Cottonwood of the CFPA, FCRA, and TILA in the course of marketing, servicing, and collecting on payday, auto title, and unsecured consumer installment loans. The CFPB announced that it has entered into a settlement with Cottonwood Financial, Ltd., million and $286,675.64 in consumer redress.

Idaho 78