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

  • 📰 KSLcom
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Grocers Kroger and Albertsons are selling more than 400 stores and other assets to C&S Wholesale Grocers in an approximately $1.9 billion deal as part of their efforts to complete their merger.

The analyst said divestitures would be less likely in Boise, where Walmart, Winco, Costco and other grocery retailers have expanded aggressively, and where the market concentration of Albertsons and Fred Meyer stores might not be enough to worry regulators.

Last month, discount grocer Aldi said it plans to buy 400 Winn-Dixie and Harveys supermarkets in the southern U.S. C&S, which was founded in 1918, is a supplier to independent grocery stores, supplying more than 7,500 independent supermarkets, retail chain stores and military bases. It currently runs Grand Union grocery stores and Piggly Wiggly franchise and corporate-owned stores in the Midwest and Carolinas.

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:

 /  🏆 549. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

Large US grocery chains Kroger, Albertsons selling 400+ locations in order to make their mergerKroger and Albertsons will sell more than 400 stores and other assets to get government permission for their merger.
Source: News4SA - 🏆 251. / 63 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 »

Kroger, Albertsons sell hundreds of stores in bid to clear merger of 2 largest US grocersKroger and Albertsons will sell more than 400 stores and other assets for about $1.9 billion, seeking to clear a path for a merger with antitrust regulators rev
Source: KUTV2News - 🏆 281. / 63 Read more »

Kroger and Albertsons sell hundreds of stores in a bid to clear merger of the 2 largest US groceriesGrocers Kroger and Albertsons are selling more than 400 stores and other assets to C&S Wholesale Grocers in an approximately $1.9 billion deal as part of their efforts to complete their merger.
Source: wjxt4 - 🏆 246. / 63 Read more »

Kroger and Albertsons sell hundreds of stores in a bid to clear merger of the 2 largest US groceriesGrocers Kroger and Albertsons are selling more than 400 stores and other assets to C&S Wholesale Grocers in an approximately $1.9 billion deal as part of their efforts to complete their merger.
Source: wjxt4 - 🏆 246. / 63 Read more »