April 26, 2025 The Best Source of News, Culture, Lifestyle for Culver City, Mar Vista, Del Rey, Palms and West Los Angeles

Supermarket Takeover Headed to Approval, Albertsons to Buy Safeway and Vons Stores

 

This takeover is predicted to have a huge impact in Southern California. (Thinkstock)
This takeover is predicted to have a huge impact in Southern California. (Thinkstock)

A gigantic supermarket takeover with big impacts in Southern California is headed to federal regulators for approval today, as Albertsons is buying Safeway — and its Vons stores.

At a shareholders meeting Friday near San Francisco, 96 percent of the shareholders in Safeway approved the $9.2 billion purchase offer from Albertsons, according to the San Jose Mercury News.

The supermarket chains have some overlap in Southern California, where Safeway’s local chain Vons has 279 stores and Albertsons has 181. Some of those stores might be closed, and the Federal Trade Commission might order Albertsons to sell some to competitors, the newspaper reported.

Albertsons has not indicated what store names will change, if any. The deal will create a network of 2,000-plus stores, 27 distribution warehouses and more than 250,000 employees across western states.

That chain will be slightly smaller than market leader Kroger, which has 2,600 markets, the Mercury News reported. Kroger operates Ralphs supermarkets in California.

Traditional supermarkets are facing market pressures at one end from from big-box stores like Walmart and Target, and the other from specialty grocery stores like Whole Foods and Trader Joe’s, analysts have said.

Related Posts

West Hollywood Braces for Controversial Rally, Reaffirms Commitment to Equality

April 25, 2025

April 25, 2025

City of West Hollywood Condemns Harmful Rhetoric Ahead of Planned Assembly City officials and public safety leaders in West Hollywood are preparing...

(Video) The Willows: 30 Years Going Strong

April 25, 2025

April 25, 2025

Founded in 1994, The Willows Community School, located in Culver City, California, is a Developmental Kindergarten through 8th grade non-profit, co-educational...

ASTEME Camps Explore Science, Technology, Math and Engineering

April 25, 2025

April 25, 2025

Many teachers and parents hear this question daily when it comes to schooling: “When am I ever going to use...

Skirball Center’s Puppet Festival Promises an Afternoon of Imagination and Play

April 24, 2025

April 24, 2025

SoCal’s Top Puppeteers Will Perform Alongside Live Music, DIY Puppet-Making The Skirball Cultural Center is set to transform into a...

Q&A: No Age Limit on Home Care Management & Home Safety, Tips from a Care Manager

April 24, 2025

April 24, 2025

In-home safety issues that go unnoticed — cracked sidewalks, broken railings or uneven flooring for example — are often the root...

Culver City Police Hosts DEA Drug Take Back Day on April 26

April 24, 2025

April 24, 2025

Dispose of Expired Prescriptions Safely and Anonymously The Culver City Police Department will participate in National Prescription Drug Take Back...

Former Cedars-Sinai OB-GYN Accused of Sexually Abusing Patients for Four Decades

April 24, 2025

April 24, 2025

Ten Women Say Their Reports Were Ignored as Brock Continued to Practice for Decades. A group of 10 women has...

LAX/Metro Station is One Step Closer to Transforming the Airport Commute

April 24, 2025

April 24, 2025

New Multi-Modal Metro Station Connects Angelenos to the Airport Metro Board Chair and Los Angeles County Supervisor Janice Hahn announced...

FBI Unravels Alleged Plot to Sell Stolen Andy Warhol Print in Beverly Hills

April 24, 2025

April 24, 2025

Mid-City Pawn Shop Owner Charged in High-Stakes Art Scheme The owner of a pawn shop in Los Angeles’ Mid-City neighborhood...

The Brian Jonestown Massacre Drops New Double A-Side Ahead of U.S. Tour

April 24, 2025

April 24, 2025

Legendary Psych-Rockers Set April 25 Release and Fall North American Tour The Brian Jonestown Massacre is set to release a...

(Video) Matú Kai Brentwood: The full experience

April 23, 2025

April 23, 2025

Sister restaurant to Matú in Beverly Hills, located at 11777 San Vicente Blvd. Sister restaurant to Matú in Beverly Hills,...

Uncle Stevey’s Bagels Wins Westside Hearts with Next-Level Bagels, Premium Sandwiches, and Local Coffee

April 23, 2025

April 23, 2025

Family-Run Shop Serves Delicious and Thoughtfully Curated Bagels With Love By Dolores Quintana A little more than a year since...

Santa Monica’s Socalo Toasts Pali Wine Co. with a Five-Course Culinary Celebration

April 23, 2025

April 23, 2025

Enjoy Celebrated Central Coast Wines, Including a 100-Point Red Blend Socalo, the acclaimed Mexican restaurant from celebrity chefs Mary Sue...

Go Go Bird Teams Up with Chef Chris Oh for Korean-Inspired Fried Chicken Sandwich

April 23, 2025

April 23, 2025

Crispy, Saucy, Spicy: Chris Oh’s Fried Chicken Sandwich Lands in Culver City Go Go Bird, located in Culver City’s Citizen...

Fogo de Chão Hosts Wine Lover’s Dream Night with Chilean Winery VIK

April 23, 2025

April 23, 2025

Diners Will Enjoy a Chef-Curated South American Menu, Highly Rated Wines Wine lovers and culinary connoisseurs are invited to gather...