If the deal goes through, it would create a grocery empire that rivals Walmart.
."Albertsons Cos. brings a complementary footprint and operates in several parts of the country with very few or no Kroger stores. This merger advances our commitment to build a more equitable and sustainable food system by expanding our footprint into new geographies to serve more of America with fresh and affordable food, and accelerates our positions as a more compelling alternative to larger and non-union competitors.
"This is the type of transaction that really looks good on paper, but the actual practicality of achieving regulatory approval by the FTC could be difficult," Bloomberg Intelligence Analyst Jennifer Bartashus toldKroger and Albertsons say they'll sell some of their stores to their competitors—and may move between 100 to 375 of their stores into a new stand-alone company to lessen the effects of a monopoly.
Kroger Co. currently has about 2,800 stores in 35 states under banners like Kroger, Ralphs, Dillons, King Soopers, QFC, and Harris Teeter. Albertsons has some 2,200 locations under brands like Albertsons, Vons, and Safeway.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Kroger to buy rival Albertsons in $24.6 billion deal, creating a national grocerThe deal will create a grocery giant. In North Texas, Albertsons operates Tom Thumb and Market Street grocery stores.
Read more »
Kroger, Albertsons announce $25 billion merger dealIt was unclear what impact the deal will have on the more than 710,000 employees who work for the two companies.
Read more »
Kroger, Albertsons announce $25 billion merger dealIt was unclear what impact the deal will have on the more than 710,000 employees who work for the two companies.
Read more »
Kroger to buy rival Albertsons in $24.6 billion deal, creating a national grocerThe deal will create a grocery giant. In North Texas, Albertsons operates Tom Thumb and Market Street grocery stores.
Read more »
Firefighters extinguish Oceanside vegetation fire near shopping centerCrews responded to a report of thick smoke and flames in vegetation near the Albertsons shopping center on Marron Road around 4:20 a.m
Read more »
Sneaky Students Using AI to Write Their Papers For ThemTech-savvy students are reportedly getting straight A's by using advanced AI language generators — mainly OpenAI's GPT-3 — to write papers for them.
Read more »