Cerberus Capital Management, the controlling shareholder of Albertsons, will decide within weeks whether to file for an IPO after updating documentation with the Securities and Exchange Commission. It is noted that in 2015 an attempt was made to take the company public after a merger with Safeway. The process was also initiated in 2018 following a non-completed merger with Rite Aid Corp.

During the past year, CEO Vivek Sankaran, hired from PepsiCo., has improved metrics with increased same-store sales growth and developing online delivery and pickup. Albertsons has benefited from their Own Brands portfolio including Lucerne, Organics and Signature that collectively exceed $1 billion in sales. In commenting on third-quarter earnings with improved operating results. Sankaran noted “We are focused on providing our customers with an easy shopping experience, exciting merchandise, and friendly customer service in our Omni Channel shopping environment. The most recent Q3 FY 2020 financial report for Albertsons can be retrieved by entering ‘Albertsons’ in the SEARCH block.