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For those of you who live on the East Coast; Did you know that Safeway is owned by a French Corp? Needless to say, I won't be shopping there any longer.
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Excuse me? We have Safeway out here as well....
Please tell me this is BS......
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OK, Safeway is my grocery store, so I had to go cybersleuth and find out.
I am no econ major, nor CFO certified, but looking thru their financial disclosures, it appears they are a public held, self owned and operated. They used to be owned by KKF (who ever that is) and over the last 10 years their ownership/stock went from 51% down to 9% IIRC. They have acquired a lot of other companies, and merged with a couple, but it appears they are not owned by anyone else.
Seems like a snopes, but I could be wrong.