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Albertsons Taps Jim Perkins to Lead Planning Efforts for Potential Standalone Public Company

Albertsons Taps Jim Perkins to Lead Planning Efforts for Potential Standalone Public Company


UNITED STATES
Tuesday, May 23rd, 2023

An update has come to light regarding Albertsons’ proposed merger with Kroger. Sources have reported that Jim Perkins, former President of Acme Markets, will lead the planning efforts for a standalone public company.

The company, operating under the name of SpinCo, will consist of approximately 100 to 375 divested stores that may need to be established to obtain regulatory approval for Albertsons’ planned merger with Kroger.

Although both Albertsons Chief Executive Officer Vivek Sankaran and Kroger CEO Rodney McMullen spoke before the U.S. Senate Subcommittee on Competition Policy, Antitrust and Consumer Rights regarding the deal, the Philadelphia Business Journal notes that a divestiture of hundreds of stores is considered inevitable to appease regulators.

With the planned merger still in the early stages of review by the Federal Trade Commission, Albertsons enacts planning efforts for a potential standalone public company

Perkins will help Albertsons prepare for the possible need for SpinCo to absorb those stores, beginning his new duties next week, the source reported.

He was previously appointed President of the Mid-Atlantic division in September 2020 when it was formed through the consolidation of Albertsons' Acme Markets and Eastern divisions. He continues to serve as Executive Vice President of Retail Operations and Special Projects for Albertsons.

We will continue to bring you the latest updates on this potential merger, so keep clicking on Deli Market News.

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