WHO OWNS SAFEWAY?
Safeway was acquired by financial capitalists Kohlberg, Kravis, Roberts (KKR) in a notorious leveraged buyout in 1986. The Magowan family used to own Safeway. KKR as they are known in the mega bucks industry keeps buying more businesses read on…KKR bought Safeway and Beatrice Foods in 1986, Motel 6 in 1985, RJNabisco, Borden Foods, Regal Cinemas (yes our Regal Cinema 9), Yellow Pages, Evenflo, Sealy, Toys R Us, Masonite, Duracell, and the list is never-ending. For fun reading go to Wikipedia and read about the Skaggs family, then read about Safeway. You’ll see how they started “rebranding” in 2005. That means making the stores more like Shoppers Corner only massive. Safeway now sells gas at a price lower than what they buy it for, and charge more for standard items. I found Safeway had olive oil on sale last week at $5 more than Nob Hill’s everyday price. Safeway sold their Liquor Barn stores in 1987. Remember Liquor Barn, which is now our Morrissey Post Office? RETURN TO TOPIC. So f
