Albertson’s

Encino, Calif. — Gelson’s has promoted John Bagan to president and CEO following the departure of Rob McDougall, who has retired from Gelson’s after 15 years with the Southern California-based brand. The new leadership position marks Bagan’s third promotion in 2 years, most recently moving from COO into the role of president in July 2022. As president and CEO, Bagan will assume greater responsibility for the company’s overall vision, business and growth strategy, as well as managing relationships with the board of directors and parent company Pan Pacific International Holdings …

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Boise, Idaho — Boise, Idaho-based grocery chain Albertsons Cos. has agreed to acquire Rite Aid Corp., one of the nation’s largest drugstore chains, for an undisclosed sum. The integrated company will operate about 4,900 locations, 4,350 pharmacy counters, and 320 clinics across 38 states and Washington, D.C., serving more than 40 million customers per week.

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