The divestment plan is part of an effort to convince federal regulators to allow the merger of the two companies, first agreed to in 2022, to move forwardNearly three-dozen Illinois grocery stores are being sold to another operator as Kroger and Albertsons continue pursuing a massive merger that could completely transform the industry.
As part of those ongoing talks and in an effort to convince federal regulators to allow the merger to proceed, the companies agreed to sell nearly 600 stores to C & S in April 2024. Those stores weren't identified at the time, but on Tuesday a press release identified the 35 stores in Illinois that would be part of the sale.
The stores that will be part of the divestment sale will not close, according to the companies, and existing collective bargaining agreements would still be honored under the arrangement.Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyAlbertsons currently operates 188 Jewel-Osco locations in Illinois, Indiana and Iowa, while Kroger operates an unspecified number of locations in Illinois under its own banner.
Illinois is one of eight states that signed on as party to a lawsuit filed by the Federal Trade Commission seeking to block the merger, citing alleged violations of federal antitrust law. The suit alleges the merger would eliminate competition and lead to higher prices.
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