Safeway’s new owner not afraid to make changes

The private equity firm that struck a $9.4 billion deal to buy Safeway has proved it’s not afraid to make big supermarket purchases — and turn around and make big changes.

In 2006, Cerberus Capital Management http://www.cerberuscapital.com/ bought more than 600 Albertsons grocery stores, including more than 170 in Northern California. Today, following dozens of store closures and the sale of dozens more, not a single Albertsons is left in Northern California.

By Heather Somerville

Full Story: http://www.mercurynews.com/business/ci_25308164/safeways-new-owner-not-afraid-make-changes