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Cerberus Capital Management
“Named after the three-headed dog guarding hell — which tracks, given what they did to your grocery prices at Safeway.”
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Cerberus bought Albertsons' struggling stores for $350 million in 2006, then engineered a $9 billion Safeway takeover. Under their ownership, a San Francisco Chronicle survey found Safeway's prices were the highest among 10 local grocery chains — including Whole Foods. They tried to pay themselves $4 billion from the company's coffers before the failed Kroger merger; a judge blocked it.
Founded 1992 · New York, NY