Kroger, Albertsons sell hundreds of stores in bid to clear merger of 2 largest US groceries

The grocery chains say they must merge to compete with Walmart, Amazon and other major companies that have stepped into the grocery business. And there is significant consolidation throughout the grocery sector as companies fight with rising prices for everything from food to workers. 400 Winn-Dixie and Harveys supermarkets in the southern U.S.

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Kroger, Albertsons to sell more than 400 stores to C&S Wholesale in a $1.9 billion cash deal in connection with the proposed mergerKroger Co. and Albertsons Companies Inc. announced Friday an agreement to sell 413 stores and 8 distribution centers across 17 states to C&S Wholesale...
Source: MarketWatch - 🏆 3. / 97 Read more »

Kroger and Albertsons looking to sell 400 stores to wholesale grocery company, report saysGrocery giants Kroger and Albertsons – the respective parent companies of King Soopers and Safeway – are reportedly in the midst of negotiating an almost $2 billion deal with C&S Wholesale Groc…
Source: denverpost - 🏆 13. / 72 Read more »