[KHTS] – Haggen Food and Pharmacy has announced that a U.S. bankruptcy court confirmed the sale of the stores Saugus location to Albertsons.
The Haggen location in Saugus, which opened in June, will be closing Thursday, Dec. 3. 2015.
Albertsons LLC bought the majority of Haggen’s locations, picking up 30 of the 47 stores that were sold at auction last month, according to a news release.
Other buyers included Stater Bros. Markets, Sprouts Farmers Market, Smart and Final Stores LLC, Tawa Inc. and Yoke’s Foods Inc.
Haggen filed for Chapter 11 Bankruptcy in early September, closing several of its locations to “reorganize around its core profitable stores,” many of them in the Pacific Northwest.
The closures include Nevada, Oregon, California, Arizona and Washington.
Haggen second location in Santa Clarita on Mcbean Parkway was closed months after its grand opening in April.
The west coast grocer will receive up to $215 million from its existing lenders to continue its day-to-day operations and the flow of merchandise during the sale process, according to a news release.
In an effort to expand the company, Albertsons is preparing an initial public offering of its common stock, according to a prospectus released by the grocer on Monday.
Albertsons will offer 65 million shares of common stock, expecting an initial public offering price of between $23 and $26 per share, according to the document.
Albertsons is one of the largest food and drug retailers in the U.S., operating 2,196 stores in 33 states.
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64 Comments
Anyone have any idea when the Albertsons market will open???
On the 17th Next year. Month unknown…
Hi Denise, how the heck are you? Hope all is well in your family.
Dale Peterson Johnson Oh, my gosh….Dale!!! All is good, everything good with you! Loving the end of the summer hot weather; now all we have to worry about is falling off the hill! :)
So there will be an Albertsons on bouquet at Haskell and one at Golden Valley/NRR
And there is also one on Copper Hill near McBean. I imagine one of the existing ones will close.
They just close the one in Canyon Country.
It will be a VONS hey are the same company now.
Has anyone at corporate even looked at a map??
I was really hoping for another Stater Brothers.
So…from Von’s to Haggen…back to Von’s. Lame!
I wonder if the laid off employees get first dibs at their old jobs back (and tenure)…..
Mario Sandoval
Hope to see my favorite vendors there?
Ashleigh Ashleigh Sacks
so they sold for top dollar and bought back at low dollar. sounds like sound business practice to me.
I wonder what is going to take over the Ralph’s that closed on Lyons & Orchard Village months ago.
Kyndra Jaynes Hanna
Good, now I’ll go there to shop.?but Albertsons has to be competitive too!
Sylvia Shermer we need another Staters out here. Can you talk to your sources ?
Yes we do!
FCC had Albertson’s close/ sell buildings before the merger because it’s illegal to have an monopoly. Well Albertsons bought back the same buildings. Doesn’t make sense.
It was the FTC. The idea was to increase competition by bringing in new grocers independent of Albertsons-Safeway-Vons. In some areas they represent a good number of stores & by allowing them to continue operations, they could squeeze out the few competitors in those regions. The problem was that Haggens was probably ill-prepared to expand from 18 locations to 146. The hedgefund that bought into Haggens & financed their expansion may have had alternate ideas according to rumors. At the least, Haggens bit off much more than it should have. With the FTC out of the picture, Alberstons will recover some profitable stores which according to Haggens’ CEO were all duds.
Veronica Booth
How long was Haggens even open?
The McBean one comverted in May and the Bouquet one in June. And they closed in what, September?
What about mc bean
Trevor Bohn
Thank god we will have a grocery store over here!
Yaaay!
Will it be an Albertsons or a Vons?
Stater Bros would have been nice
I wish the Trader Joe’s moved there so it could have large aisles and lots of parking. : )
Best comment ever. trader joes made a bad choice moving there. Worst parking lot even before they moved in. It’s like playing Frogger trying to get in and out of your car
Trader Joes store format is too small for most modern grocery stores. Many have poor parking too, they must look specifically for those locations
Great Idea !
Yeah. Why does every trader Joes have sucky parking ?
You would think at some point they would realize that they have enough volume to get a bigger store and decent parking.
The Pasadena parking sucked. The Burbank one too and Santa Clarita.
It’s like they do it on purpose
I just want to go to your store and park in your lot one time without having to wait for a space defend the space get in get out and then not get the hurry up stink eye from someone while I load my car.
#firstworldproblems
After living in this valley on the saugus side for more than 30 years we will not shop at Albertosons on bouquet anymore. Every time we go there they have expired items on their shelfs such as milk(constantly).
Trader Joes for milk! ??
Tell the Albertson’s manager. They will fix it.
Try the Albertsons on copperhill it’s a beautiful store. And their Ads have been great.
Yes the Albertsons on copperhill is great.
About time
I want Von’s back!
Same in quartz hill.store sucked and was originally an Albertsons.
Diana Falcon
Yahoo
I was told this week by an Albertson’s employee that it will reopen as Vons.
YAYAYAYAY!
Smart and Final is moving into ours in Quartz Hill.
Albertsons. .overpriced.
Too bad its not another ralphs!
It was Vons before tho
David W Keffer
Albertsons has a good deli….!!!
Bring back Von’s !!!
I’d be more partial to a Stater Brothers myself or Food 4 Less. Better prices.
Shawn Newcomb
And this was the plan from the beginning. To win approval for the Vons,Albertsons merger the FCC made them sell off stores. It was all smoke and mirrors.
lucky for the screwed employees…
I wanted Stater Brothers too!
I have to drive from Saugus over to Newhall to shop at “Stater Brothers” every week.
“Albertsons” is too expensive. Food for less is not a nice store. “Walmart” gets too much food from China.
Samuel de Haro Vanessa DH
I was hoping it was going to be stater bros.
Otra veeeeeeez Yamile De Haro Samuel de Haro
Bring back Von’s please!