A Safeway grocery in Scottsdale, Ariz., on Oct. 18, 2021.(Ash Ponders/Bloomberg News) The 2,270-store Albertsons grocery company is facing mountains of debt.It owes about $4.9 billion to worker pension funds and another $7.5 billion to creditors.Credit rating agencies say the company has a substantial risk of being unable to repay.
#competition #communities #restaurants #essentially #combination #shareholders #essential-workers #capitol-hill #private-equity #multibillion
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