Kroger and Albertsons to close these 63 grocery stores in California under merger

  • 📰 FOXLA
  • ⏱ Reading Time:
  • 19 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 53%

Business News

News,Lifestyle,Food Drink

Kroger and Albertsons are selling off nearly 600 stores across the country under their proposed merger, including more than 60 in California.

Kroger and Albertsons Tuesday released a list of 579 stores that would be sold off under a proposed mega-merger of the grocery giants, including 63 locations in California.The vast majority of the California locations are in Southern California.According to Bloomberg, Kroger CEO sent a memo to employees at all of the affected stores notifying them of the plans to spin off the locations to C&S Wholesale Grocers if the merger goes through.

SUGGESTED: Ammunition vending machines installed in grocery stores in Alabama, OklahomaThe United Food and Commercial Workers union, which represents grocery workers, issued a statement Tuesday saying it continues to oppose the merger."Today's announcement changes nothing," according to the union. "The merger is not a done deal, far from it.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 445. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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

Grocers release list of Alaska Carrs Safeway stores targeted for divestiture in Kroger-Albertsons mergerEighteen stores would be sold to C&S Wholesale Grocers, including 8 Carrs stores in Anchorage.
Source: adndotcom - 🏆 293. / 63 Read more »

US, states sue to block Kroger-Albertsons merger, saying it could push prices higherThe FTC filed the lawsuit in Oregon, joined by the attorneys general of California and seven other states and the District of Columbia.
Source: ladailynews - 🏆 332. / 59 Read more »

Employees speak out against proposed Kroger/Albertsons mergerKroger and Albertsons plan to appease federal regulators by selling off more than 400 stores to C&S, the industry’s largest privately owned wholesaler.
Source: ladailynews - 🏆 332. / 59 Read more »

San Diego County grocery stores that would be sold in Kroger-Albertsons mergerThe merger is being challenged by the Federal Trade Commission, which claims the proposed $24.6 billion deal would lead to higher grocery prices through a reduction in marketplace competition.
Source: sdut - 🏆 5. / 95 Read more »

Kroger, Albertsons announce stores that would be sold under mergerShark Lab at Cal State Long Beach estimates the shark was 9 feet long, approximately 6-7 years old.
Source: CBS8 - 🏆 335. / 59 Read more »