26 DFW grocery stores to be sold as part of Kroger, Albertsons merger. See the list

Nearly 600 stores to be sold nationwide to C&S Wholesale Grocers as part of the $25 billion merger between Kroger and Albertsons, but has yet to gain regulatory approval. In February, the Federal Trade Commission sued to block the merger, saying the deal was anticompetitive and would eliminate fierce competition, leading to higher prices for shoppers and lower employee wages.

All but two of the 28 Texas stores listed for divestiture are in North Texas . The North Texas list includes six Market Street locations, five Albertsons locations, and 15 Tom Thumb locations. Two Randalls locations in Houston and Galveston will also be sold. The FTC said it had concerns that C&S, which currently operates just 23 supermarkets and a single retail pharmacy, could remain competitive against a behemoth that, after the merger, would operate more than 5,000 stores and employ nearly 700,000 people across 48 states.

"C&S would face significant obstacles stitching together the various parts and pieces from Kroger and Albertsons into a functioning business—let alone a successful competitor against a combined Kroger and Albertsons,"also included non-store assets, including a dairy in Colorado and six distribution facilities that would enable C&S"to operate competitively following the completion of the proposed merger.

Kroger and Albertsons hoped the amended divestiture package would bolster their position in regulatory challenges to the proposed merger, including pending court proceedings. The FTC hearing is scheduled for Aug. 26 in Portland.Tom Thumb — 2755 N Collins, ArlingtonMarket Street — 3145 E Broad Street., Mansfield

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Here are the 26 DFW grocery stores that would be sold in Kroger/Albertsons mergerWhataburger was trending on X after people were using the app to track power outages in the Houston area.
Fuente: wfaa - 🏆 543. / 51 Leer más »

FTC and State AGs Sue to Block Kroger-Albertsons 'Mega Merger'Jake Johnson is a senior editor and staff writer for Common Dreams.
Fuente: commondreams - 🏆 530. / 51 Leer más »

Kroger-Albertsons merger would affect 124 WA grocery storesThe proposed Kroger-Albertsons merger would affect 124 grocery stores in Washington, and nearly 70 stores in the Seattle area would have to be sold off if the deal is approved.
Fuente: fox13seattle - 🏆 328. / 59 Leer más »

Albertsons, Kroger reveal stores to be sold in merger: See the full listThe merger is being challenged by the Federal Trade Commission, which claims the proposed $24.6 billion merger would lead to higher grocery prices.
Fuente: 10TV - 🏆 560. / 51 Leer más »

Albertsons, Kroger reveal stores to be sold in merger: See the full listThe merger is being challenged by the Federal Trade Commission, which claims the proposed $24.6 billion merger would lead to higher grocery prices.
Fuente: KVUE - 🏆 244. / 63 Leer más »