Albertsons gets closer to going public

Albertsons is pushing ahead with plans to go public, with profits nearly tripling in the most recent fiscal year due to surging sales brought on by the coronavirus pandemic, according to a filing with the US Securities and Exchange Commission. The grocer has hired 55,000 workers since March, and saw sales jump 34% in March and April over the same period last year, according to the filing. Read the Bloomberg story here

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