What could grocery chain merger mean for Mariano's? Kroger releases statement

. Kroger, based in Cincinnati, Ohio, bid $20 billion for Albertsons. Kroger would also assume $4.7 billion of Albertsons’ debt. The deal is targeted to close early next year.

The 413 stores, along with QFC, Mariano’s and Carrs brand names, are being sold to to C&S Wholesale Grocers. Kroger will also divest the Debi Lilly Design, Primo Taglio, Open Nature, ReadyMeals and Waterfront Bistro private label brands. In addition, C&S will get eight distribution centers and two offices.

All fuel centers and pharmacies associated with the divested stores will remain with the stores and continue to operate. Feeling out of the loop? We'll catch you up on the Chicago news you need to know.

"Today, Kroger and Albertsons Companies announced a comprehensive divestiture plan with C&S Wholesale Grocers. The plan will not impact Kroger Central Division at this time," the statement read."Because we are still in the regulatory process, we are not able to share the specific locations included in the agreement.

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

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

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 »

Here's where Kroger and Albertsons are selling stores ahead of their mergerKroger 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 reviewing a deal that would unify two of the nation's largest grocery chains.
Source: FOX26Houston - 🏆 448. / 53 Read more »