Grocery chains Kroger and Albertsons announce merger

In a statement, Kroger said the mega-chain would hold nearly 5,000 locations in 48 states.

“We are bringing together two purpose-driven organizations to deliver superior value to customers, associates, communities and shareholders," said Rodney McMullen, Kroger Chairman and Chief Executive Officer, who will continue serving as Chairman and CEO of the combined company."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 position as a more compelling alternative to larger and non-union competitors.” The merger will still need regulatory approval. If approved, the merger would be expected to be finalized in early 2024.

The two companies say that combining operations would increase efficiency, especially for their private-label brands.

Cutting jobs. If you can pay cash for this merger why are food prices skyrocketed?

Yet another chain assimilated and run into the ground by this horrid corporation. The local Albertson's stores are clean and well stocked; the Fry's look like homeless shelters.

Monopolies are never good, they will control the price of food because the lack of competition, so the price of food will go up!

I hope this means they will open more of Mariano stores. It is home based in Chicago and it’s owned by Kroger a huge store catering to Italians foods huge deli and homemade foods.

Wonderful. Less competition is always good for the consumers.

NicoleSGrigg Ugh.

Expect closures of Fry’s, Smith’s and Safeway stores.

Expect closures of Fry’s, Smith’s and Albertson’s stores.

Does this mean higher prices for consumers?

Nothing much would change though-they will keep separate brands (like Albertsons and Safeway). I just hope the Fry‘s card works for all three stores.

Not good, not good at all for the consumer.

Good or bad?

MIDWEST DRAMA

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Kroger announces deal to merge with Albertsons to form a mega grocery chain | CNN BusinessKroger announced it's merging with Albertsons in a $24.6 billion deal, creating one of the largest grocery store chains in the United States with nearly 5,000 stores when combined. Inflation: 14 Consumers: 0 Well, this won't help food prices or the bare shelves (and poor quality) at Kroger. I don't suppose the FTC will step in to thwart this attempted monopoly? Kroger sucks. I feel so sorry for their workers.
Source: cnnbrk - 🏆 393. / 55 Read more »

Albertsons Merger With Kroger Could Be Announced This WeekAlbertsons’ stock jumped and was briefly halted after news that the grocery chain may get acquired by grocery giant Kroger. Wasn't it just bought by Tom Thumb, who shut down any of them remotely close to an existing Tom Thumb? So now Kroger will do the same, horrible for the consumer. Build Back Better And replace all the employees with self-checkout? They both suck.
Source: NBCDFW - 🏆 288. / 63 Read more »

Grocery chains Kroger, Albertsons in talks for possible merger: reportA possible agreement could reportedly be reached as soon as this week. In February, Albertsons' board of directors launched a review of potential strategic alternatives. Less competition=higher prices & profits. The 'trust' in antitrust. The breaking of supply and demand. Bernie is not going to be happy! The DOJ should never allow this merger.
Source: FoxBusiness - 🏆 458. / 53 Read more »