Kroger announced that it plans to buy Albertsons in a nearly $25 billion deal that could change the US retail industry and impact how millions of customers buy their groceries.Two of the nation's largest grocers have agreed to merge in a deal they say would help them better compete with Walmart, Amazon and other major companies that have stepped into the grocery business.
The deal will likely get heavy scrutiny from U.S. antitrust regulators, especially at a time of high food price inflation. If approved, the deal is expected to close in early 2024. Value chains like Aldi and Dollar General - which have a combined 4% market share - have also been squeezing traditional grocers like Kroger and Albertsons, particularly as red-hot inflation pushes people to cut costs.
Kroger also said the combined stores would provide greater access to fresh food. Together, the stores operate in 48 states and the District of Columbia. It was no secret that Albertsons was thinking about selling the company. The chain announced in February that its board was reviewing options to enhance shareholder value, including developing new businesses or a sale.
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Kroger, rival Albertsons in talks for massive grocery merger - Dallas Business JournalKroger Co. is in talks with one of its biggest rivals about a merger that would combine the two largest U.S. operators of traditional supermarkets, according to multiple media reports.
Herkunft: DallasBizNews - 🏆 525. / 51 Weiterlesen »
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Herkunft: adndotcom - 🏆 293. / 63 Weiterlesen »
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Herkunft: wrtv - 🏆 598. / 51 Weiterlesen »
Shares of Albertsons jump on report of potential merger with grocery giant KrogerGreat, take even more competition out of the grocery business. This is not good news where I live, for all there are are Kroger and Albertsons stores.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »
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Herkunft: FoxBusiness - 🏆 458. / 53 Weiterlesen »