Albertson’s LLC announced yesterday that it has extended its two-year Transition Services Agreement with Supervalu through June 2009, with an option to extend it yet again through 2011.
The original agreement – which provides infrastructure services to Albertsons LLC – was signed in June 2006 when the two companies split up Albertsons’ retail assets. According to a statement released by the company, “The purpose of a transition services agreement is to provide Albertson’s LLC with the necessary services to continue operations of its stores as the company strengthens the business and drives towards operational independence.
Albertson’s LLC is privately owned and operates over 350 stores under the Albertson’s banner in Arizona, Arkansas, Colorado, Florida, Louisiana, Nebraska, New Mexico, South Dakota, Texas and Wyoming.
The original agreement – which provides infrastructure services to Albertsons LLC – was signed in June 2006 when the two companies split up Albertsons’ retail assets. According to a statement released by the company, “The purpose of a transition services agreement is to provide Albertson’s LLC with the necessary services to continue operations of its stores as the company strengthens the business and drives towards operational independence.
Albertson’s LLC is privately owned and operates over 350 stores under the Albertson’s banner in Arizona, Arkansas, Colorado, Florida, Louisiana, Nebraska, New Mexico, South Dakota, Texas and Wyoming.
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