Grocery & Department Stores
Northgate Gonzalez Market Celebrates its Graduates
Walking down the produce aisle in her cap and gown with co-workers cheering her on was not how Harley Hernandez envisioned celebrating her high school graduation. But like thousands of other graduates this year, ceremonies and family gatherings were cancelled due to the coronavirus. It was an emotional moment for Hernandez, who walked with her mom in tears. https://www.instagram.
The family at Northgate González Market, headquartered in Anaheim, California, wanted their associates to know how proud they were of them by hosting a special celebration in their honor. On June 24, California’s leading Latino grocery store cheered on 151 graduates at various locations and presented each one with a $100 VISA gift card, a customized lei and one complimentary cake for them to take home to their families.
In addition, there was a virtual celebration bringing together all of the company’s graduates with a special message from the Owners and former Dodger Adrian González, who shared a few inspiring words for the students.
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This year, Northgate Market had four college graduates and one student graduating with an MBA from USC.
“The virus could not diminish the pride we have in these students,” said Oscar Gonzalez, co-President of Northgate Market. “We see our associates as part of our extended family, and we were happy to share in the excitement of their graduation.”
Albertsons Companies Announces Launch of Initial Public Offering
Albertsons Companies, Inc. has announced the commencement of an initial public offering of 65,800,000 shares of its common stock to be sold by certain of its stockholders, at an anticipated initial public offering price between $18 and $20 per share, pursuant to a registration statement on Form S-1 previously filed with the U.S. Securities and Exchange Commission. The company is not selling any shares pursuant to the common stock offering. In connection with the offering, certain of the selling stockholders expect to grant the underwriters a 30-day option to purchase an aggregate of 9,870,000 shares of the company’s common stock. The company has been approved to list its common stock on the New York Stock Exchange (NYSE) under the ticker symbol “ACI”.
The company will not receive any net proceeds from the sale of common stock by the selling stockholders, including from any exercise by the underwriters of their option to purchase additional shares of its common stock from the selling stockholders.
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This offering will be made only by means of a prospectus. A registration statement, including a prospectus, which is preliminary and subject to completion, relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Grocery Stores Enhance Commitment to Health & Safety
The California Grocers Association (CGA), Governor Newsom and labor leaders have announced statewide safety standards to ensure consistent practices in all essential retail stores, including grocery, enhancing protections for employees and shoppers and preventing the spread of COVID-19. Some of the standards were formalized through an executive order issued April 16 by Governor Newsom.
“The top priority of grocery stores is the health and safety of employees and shoppers which has taken on increased importance during this public health crisis. We welcome partnering with Governor Newsom and labor to ensure consistent standards to protect employees and shoppers and help prevent the spread of COVID-19,” said Ron Fong, President and Chief Executive Officer of the California Grocers Association. “Ever since this public health crisis emerged more than a month ago, grocery stores throughout the state have undertaken new and evolving safety steps with the objective of protecting employees and shoppers and preventing the spread of the COVID-19. Some of these changes are visible such as plexiglass shields, one-way aisles, disinfecting carts, social distancing tape, and masks. Others are less visible such as increased cleanings, more frequent employee handwashing, and more.”
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The executive order issued by Governor Newsom will ensure paid sick leave for all employees of essential retail companies with more than 500 employees who test positive of COVID-19. CGA is also encouraging Californians to follow the directives of local health experts and go to the grocery store only when absolutely essential. Consumers are being encouraged to use grocery delivery services or shop online whenever possible and follow these Top 10 Safety Guidelines when they must shop in a store.
