As I’m sure many of you have read, ol ABS is scheduled to be sold. It’s a pretty much done deal, with about 6 months of regulatory hurdles to overcome, after which the “official” transition will take place.
You can find a pretty good description of what’s going to happen on Supervalu’s website. (
look here). In short, a consortium led by Supervalu will buy the company and split it 3 ways. Supervalu will get about 1100 of Albertsons’ 2500 stores. The middle company will get all our stand-alone Osco and Sav-on pharmacies. And the third company – a real-estate holding firm – will get the remaining stores.
So where does this leave me? As promised, the down and dirty, the nitty gritty, the straight inside poop on what’s going to happen at Albertsons…
I don’t know.
Haven’t a clue.
Heck, we found out about it the same way most of you did – from the news. With at least 6 months of regulatory approval in front of us, and an estimated 1-3 years of transition time, I’ve got a feeling I’ll have a good amount of notice if/when my job goes away. Frankly, I’m guessing that what happens will be what happens when any buyout occurs. The buyer will peruse the buyee, keep what they think is valuable and jettison the rest.
Given that my job as an “Optimization Analyst” is to save the company $$ (and I’ve already got a not-insignificant bit documented) I’m in a pretty good position. But then again, who knows.
I will tell you this, though. I’m VERY excited by the fact that Supervalu has a “casual work environment” for “appropriate positions”. Yeah! No more slacks and button downs for IT folks! No more shiny shoes! No more getting your tie stuck in the paper shreader!
And with that lovely mental picture, I'll leave you.
That’s all the news from Lake Woebegone.
Where all the women are strong.
All the men are handsome.
And all the children are...the children are...oh crud J's gonna kill me...where ARE the children?!!
Gotta go!
-adb