If Kroeger, Albertsons merger happened today, nearly half of grocers in Denver would be owned by one company

  • 📰 DenverChannel
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

If the merger between two of the nations largest supermarkets happened today, nearly half of all grocery stores in Denver would be under one big company. bayanwang reports on what this means for shoppers.

Kroeger, the parent company of King Soopers, announced their $26 billion-dollar deal to purchase Albertsons, Safeway's parent company, on Friday. The deal is expected to close in 2024.

Denver resident Hobert Herman shops at both grocery stores, specifically off 14th and Krameria, where a King Soopers and Safeway are right across the street from each other.But, that type of competition is likely to end after the merger, according to Metropolitan State University Economics Professor Kishore Kulkarni.

The companies plan to sell off nearly 400 locations in order to secure antitrust clearance, but Kulkarni points out, they would still remain a powerhouse in Colorado.

 

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

 /  🏆 239. in US

United States United States Latest News, United States United States Headlines