Kroger, Albertsons identify nearly 600 locations they will sell to get merger approved

The planned divestiture of the stores is linked to the grocery giants’ efforts to assuage concerns voiced by regulators related to their proposed deal for Kroger to acquire Albertsons. C&S Wholesale Grocers is the company slated to buy the stores. Their sale is supposed to happen after the completion of the Kroger-Albertsons merger, according to an April press release.

Kroger and Albertsons first said in September 2023 that 413 stores would go to C&S and then, in April, upped the amount by 166 to its current count as part of a larger, updated divestiture plan.

Kroger CEO Rodney McMullen said in April, as the company announced the updated divestiture plan, that it "continues to ensure no stores will close as a result of the merger and that all frontline associates will remain employed, all existing collective bargaining agreements will continue, and associates will continue to receive industry-leading health care and pension benefits alongside bargained-for wages.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Kroger and Safeway parent company would close almost 600 stores as part of mergerPolitical News and Conservative Analysis About Congress, the President, and the Federal Government
Fonte: dcexaminer - 🏆 6. / 94 Consulte Mais informação »

579 grocery stores could be sold off in a Kroger-Albertsons merger. Here’s the complete listKroger and Albertsons had not previously disclosed which stores would be sold to a competitor.
Fonte: aldotcom - 🏆 82. / 68 Consulte Mais informação »

Nearly a dozen San Diego County stores would be sold off under Kroger-Albertsons mergerKroger and Albertsons released a list of 579 stores that would be sold off under a proposed mega-merger of the grocery giants, including 63 locations in…
Fonte: nbcsandiego - 🏆 524. / 51 Consulte Mais informação »

These 124 Washington stores will be impacted by the Kroger-Albertsons mergerKroger and Albertsons revealed Tuesday the full list of 579 stores they will sell off to ease antitrust concerns over their proposed merger.
Fonte: Mynorthwest - 🏆 438. / 53 Consulte Mais informação »