Vons WLA closing, new Pavilions to replace

California. No non-grocery posts.
klkla
Posts: 1614
Joined: February 24th, 2009, 3:26 pm
Been thanked: 2 times
Status: Offline

Re: Vons WLA closing, new Pavilions to replace

Post by klkla »

pseudo3d wrote: November 10th, 2017, 8:09 am Was it in a bid to raise money and try to keep the remaining divisions together as long as they could, or was it to prevent Albertsons from selling off stores LLC-style?
They didn't really need to raise money to survive. Even though their operations were lackluster they were still profitable at the end. They just wanted to raise as much capital as possible for shareholder payouts before selling the rest of the company to Albertsons.
Post Reply