Twin Falls - 59.0 F (15.0 C)
  • Thursday

    High: 59º Low: 43º

  • Friday

    High: 54º Low: 36º

  • Saturday

    High; 51º Low: 35º

Update On Albertsons Stores

Tools

By Brittany Cooper

Twin Falls, Idaho (KMVT-TV / KTWT-TV) A multi–billion dollar deal is affecting a major grocery chain with Idaho ties.

A Cerberus–lead investment group has cut a deal to acquire 877 stores from Supervalu Incorporated...including the Albertsons chain.

The deal totals about 3.3 billion dollars.

Albertsons was founded in Boise back in the 1930's.

Company spokeswoman Lilia Rodriguez wouldn't comment on the situation, but says it's business as usual for the grocery chain and they're focused on doing the right things for the community.


Subscribe to our Newsletters

KMVT Breaking News Alerts

Morning & Afternoon News Updates