Safeway Inc.
1980s: Takeover and sell-offs

Safeway Inc.

Section Title: 1980s: Takeover and sell-offs
Table Section Text: None

Year	Division sold	# of stores	Sale price	Buyer	Outcome

1983	Omaha/Sioux Falls	64 stores	n/a	Multiple buyers including Hy-Vee & Fareway	Stores continue to operate as Hy-Vee (Omaha/Lincoln/Sioux Falls) and Fareway (Sioux City, IA)

1985	Southern Ontario	22 stores	n/a	Oshawa Group	Oshawa acquired by Sobeys in 1998

1985	West Germany	36 stores	n/a	Meierei C Bolle	Stores now part of Edeka

1987	Dallas	141 stores	n/a	Unable to sell whole division	Sold in pieces to Kroger, Brookshire's, Tom Thumb Food & Pharmacy (now owned by Safeway), Minyard Food Stores and Furr's; some stores shuttered

1987	Salt Lake City	60 stores	$75m	Borman's (Detroit)	Borman's sells stores in pieces at under book value in 1988 to Flemings and Albertsons; Borman's acquired by A&P late 1988

1987	El Paso	59 stores	$140m	Furr's Supermarkets (see Roy Furr)	Firm hits financial difficulties; MBO of some stores; other sold; bankruptcy in 2001

1987	Oklahoma	106 stores	n/a	MBO by management and Clayton & Dubilier forming Homeland (supermarket)	Firm listed then goes into bankruptcy in 1996. Later it was bought by and became a subsidiary of Associated Wholesale Grocers.

1987	Safeway UK	121 stores	US$1b	Argyll Foods	Stores continued to trade under Safeway name until 2005, when they were acquired by Morrisons

1988	Kansas City	66 stores	n/a	Morgan Lewis Githens & Ahn/W S Acquisition Corp.	Renamed Food Barn; bankruptcy 1994; stores sold to Associated Wholesale Grocers, which either closed or divested them to their members.

1988	Little Rock	51 stores	n/a	Acadia Partners	Renamed Harvest Foods; bankruptcy in 1995; stores sold off; some now part of Associated Wholesale Grocers after the demise of Affiliated Foods Southwest

1988	Houston	99 stores	$174.6m	MBO with Duncan Cook and Co. and the Sterling Group	Renamed AppleTree Markets; bankruptcy 1992; stores sold to competitors

1987	Safeway Australia	135 stores	$124m	Woolworths Limited Australia	Some stores continued to trade under Safeway name until 2008 (only within state of Victoria). All stores were gradually rebranded to Woolworths.

1988	Southern California	172 stores	$408m	Vons	The $408m that Safeway acquired in the deal consisted of $325m in cash and 30 percent interest in Vons; Safeway later acquired 100 percent ownership in 1997

Sentence(s)

In 1988, Safeway sold its stores in Southern California to Vons for a 30 percent interest.

final_sentence: In 1988, Safeway sold its stores in Southern California to Vons for a 30 percent interest.