News Formal

What We Know About The $20B Kroger, Albertsons Grocery Merger

  • 📰 nbcchicago
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 51%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

Two of the nation’s largest grocers — Kroger and Albertsons, the parent companies of Chicago-area stores Mariano’s and Jewel Osco — have agreed to merge in a deal they say would help them better compete with the likes of Walmart and Amazon. Here’s what we know about the deal so far.

The massive merger means the stores together would control a 13% slice of the country's grocery market.

According to J.P. Morgan analyst Ken Goldman, a stronger combined company could possibly help tame food price inflation, since it would have more power to reject food producers’ price increases. The two chains combined have 34,000 private label products at various price points that compete directly with food manufacturers.

Kroger also said the combined stores would provide greater and faster access to fresh food, with a combined 66 distribution centers and 52 manufacturing plants. Together, the stores operate in 48 states and the District of Columbia. in September compared with last year, according to U.S. data released Thursday.

Albertsons was bought by a consortium of investors including Cerberus Capital Management, a private equity firm, in 2006. Cerberus helped finance Albertsons’ 2015 purchase of the Safeway grocery chain and attempted a failed merger with Rite Aid in 2018. Albertsons became a publicly traded company in 2020.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 545. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Factbox: Mega merger talks turn spotlight on Kroger, AlbertsonsGrocery giant Kroger Co (KR.N) is to merge with smaller rival Albertsons Companies Inc (ACI.N), Bloomberg News reported on Thursday, in what would be one of the biggest deals in the U.S. retail landscape in recent years.
Источник: Reuters - 🏆 2. / 97 Прочитайте больше »

Grocery chains Kroger, Albertsons in talks for possible merger: reportA possible agreement could reportedly be reached as soon as this week. In February, Albertsons' board of directors launched a review of potential strategic alternatives. Less competition=higher prices & profits. The 'trust' in antitrust. The breaking of supply and demand. Bernie is not going to be happy! The DOJ should never allow this merger.
Источник: FoxBusiness - 🏆 458. / 53 Прочитайте больше »