From left, A Kroger grocery store sign is seen in Flowood, Mississippi, in June 17. The Albertsons logo is displayed on a sign in front of an Albertsons grocery store in 2022 in Los Angeles.
“We are confident this expanded divestiture package will provide the stores, supporting assets and expert operators needed to ensure these stores continue to successfully serve their communities for many generations to come,” C&S CEO Eric Winn Kroger went on to praise C&S while noting that the company’s “strong operational focus coupled with its experienced management team and financial resources will position it to successfully operate divested stores for years to come.”
He compared it to when Albertsons merged with Safeway in 2015. Under a divestiture plan, they sold 146 stores to regional supermarket chain Haggen, which went bankrupt a year later.Monday to announce the resolution of a price-fixing antitrust lawsuit against companies who artificially raised the cost of chicken in Washington, he said part of the $37.7 million he was able to recover will be used to block the proposed Kroger-Albertsons merger.
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