Albertsons is an American supermarket chain founded in 1939. It is headquartered in Boise, Idaho.
The company operates 2,200 stores across the United States. Albertsons is a private company owned by investors, including Cerberus Capital Management and The Church of Jesus Christ of Latter-day Saints (LDS Church).
Albertsons was founded by Joe Albertson in 1939 in Boise, Idaho. The company started as a small grocery store with only a few employees. Today, Albertsons employs over 250,000 people and operates 2,200 stores across the United States.
The LDS Church is one of the largest shareholders of Albertsons. In fact, the Church owns approximately 5% of the company. However, the Church does not have a seat on the board of directors and does not have any control over the company’s operations.
So, while the LDS Church does own a portion of Albertsons, it is not involved in the day-to-day operations of the company.
