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Marcus Moore Restorations

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Safeway Flyer Allegations ~ continued from October 2017 issue pdf page 3

As for confirming the accuracy of the allegations against both Cerberus Capital Management and Stephen Feinberg, we did reach out to Cerberus’ chief communications officer at its New York City headquarters but despite several attempts, our request went unanswered.

We were, however, able to confirm through a Safeway Eastern Division spokesperson that Cerberus is indeed a major player with Safeway, which it acquired several years ago and continues as “part of a consortium of investors that joined together in 2005 to purchase over 600 Albertsons stores that were facing closure. Since that time, the Albertsons team has grown the company through acquisition in partnership with its investors.”