Albertsons Taps Jim Perkins to Lead Planning Efforts for Potential Standalone Public Company
UNITED STATES - News regarding Albertsons and Kroger’s merger recently hit the wires. The Philadelphia Business Journal 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 divesture of hundreds of stores is considered inevitable to appease regulators.
Perkins will help Albertsons prepare for the possible need for SpinCo to absorb those stores, beginning his new duties next week.
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.
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