With a $24.6 billion merger coming between Kroger Co. and Albertsons we look at the grocery business

  • 📰 mercnews
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 68%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

Nearly every food category has gone up 5% in 2022

On Oct. 14, a $24.6 billion deal between Kroger Co. and Albertsons wasthat would make a 5,000 grocery store giant. Today we look at the national landscape of the grocery business.

The deal would create a beefed-up competitor to Walmart Inc. and other rivals, so it’s sure to face tough antitrust scrutiny as U.S. regulators under President Joe Biden cast a more skeptical eye on big mergers. The massive merger is among the retail industry’s biggest transactions in years, such as Amazon.com Inc.’s purchase of Whole Foods Market in 2017 for $13.7 billion.

The merger would give Kroger entry into the Northeast, filling out its national footprint. The Cincinnati-based parent of Ralphs and Fred Meyer is the No. 2 grocery seller in the U.S., with a 9.9% market share compared with Walmart’s almost 21%, according to Numerator. Albertsons ranks fourth with 5.7%, and its portfolio includes the Acme, Jewel-Osco, Safeway, Shaw’s and Tom Thumb chains as well as its eponymous stores.How much the U.S. grocery store market grew since 2021.What the U.S.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 88. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

With a $24.6 billion merger coming we look at the grocery businessNearly every food category has gone up 5% in 2022
Bron: ladailynews - 🏆 332. / 59 Lees verder »