Kroger and Albertsons plan to sell over 400 stores in connection with $24.6B merger

and Albertsons announced their plan to sell more than 400 stores and other assets in connection with a $24.6 billion merger proposed last fall, seeking to clear a path for the grocery chains to unite forces.

The plan comes as the companies hope to secure U.S. regulatory clearance and not infringe on U.S. antitrust laws. Both companies said they will also sell the QFC, Mariano’s and Carrs brand names in a news release announcing their plans. Kroger will also divest the Debi Lilly Design, Primo Taglio, Open Nature, ReadyMeals and Waterfront Bistro private label brands.

Kroger and Albertsons employ over 710,000 people and operate nearly 5,000 stores across 48 states and the District of Columbia., Amazon and other major companies that have stepped into the grocery business.

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