Safeway in Indiana...in the 1990s?
Posted: 16 Aug 2026 02:18
Was re-reading FundingUniverse's page on Dominick's when I stumbled across this line...
The only thing I could find as far as Safeway in Indiana goes was an article from 1992 an independent grocery chain owned by Malone & Hyde/Fleming with 24 stores at that point and appears to have disappeared entirely by 1998...is it a mistake they made when writing (or citing something bad), or is there something about Safeway and Indiana that we don't know?The early favorite in the spring of 1998 was the Dutch giant Ahold, but by the autumn of the year it was California-based Safeway Inc. that succeeded in buying Dominick's at a price tag of $1.2 billion, as well as the assumption of $646.2 million in debt. For Burkle and his partners, their ownership of Dominick's, which lasted less than four years, resulted in a tidy profit, an estimated sevenfold return. Safeway, on the other hand, gained a major stake in the Midwest, augmenting the stores it already owned in Indiana.