Supermarket giants Kroger and Albertsons announced Friday they will sell off more than 400 stores, including 14 Albertsons-owned stores in Alaska, and other assets for $1.9 billion as part of their efforts to complete theirThe plan is to sell 413 stores — including some from Albertsons’ Safeway, which owns Alaska’s Carrs stores — in 17 states and the District of Columbia to New Hampshire-based C&S Wholesale Grocers, the companies said inIndividual locations were not disclosed.
C&S, which was founded in 1918, is a supplier to independent grocery stores, supplying more than 7,500 independent supermarkets, retail chain stores and military bases. It currently runs Grand Union grocery stores and Piggly Wiggly franchise and corporate-owned stores in the Midwest, the Carolinas, New York and Vermont.The divestiture is part of a move to mollify antitrust regulars at the Federal Trade Commission.
The acquisition, which the companies say would allow them to take on the likes of Walmart and Amazon, comes as shoppers continue to battle historic inflation at grocery stores.
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