Is Carrs owned by Safeway?

In Safeway’s 2013 annual report, the company announced that it had sold its Carr’s Grocery Stores Ltd. subsidiary to an affiliate of Cerberus Capital Management, L.P. for $16 million. Safeway had owned Carr’s since 2006, when it purchased the UK-based grocery chain for $2.1 billion.

Carr’s Grocery Stores Ltd. is a UK-based grocery chain with over 1,000 stores. The company was founded in 1839 and has been owned by Safeway since 2006. Safeway announced in its 2013 annual report that it had sold Carr’s to an affiliate of Cerberus Capital Management, L.

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