Kroger and Albertsons announce plans to offload hundreds of locations amid merger

As Kroger and Albertsons attempt to merge two of the nation's largest chains of grocery stores, the companies announced plans to divest from 579 stores across 18 states and the District of Columbia.

The companies put the full list of locations set to be sold on a website. The sale would also include six distribution centers and one processing plant. The companies had set early 2024 as a target to complete the merger, but the Federal Trade Commission has sued to block the move. The FTC alleged that the deal is"anticompetitive" and would lead to higher prices and fewer options for consumers.“This supermarket mega merger comes as American consumers have seen the cost of groceries rise steadily over the past few years.

Leaders of the grocery chains have disputed allegations that the merger would stifle competition. They have claimed that the merger would lower costs, which they would then pass on to consumers.

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 releases list of 101 Albertsons, Safeway locations it plans to offload in Arizona amid mergerKroger plans to offload more than 100 Albertsons and Safeway stores in Arizona
Source: abc15 - 🏆 263. / 63 Read more »

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.
Source: aldotcom - 🏆 82. / 68 Read more »

Kroger, Albertsons announce stores that would be sold under mergerEleven San Diego County stores would be sold off in the proposed merger.
Source: KPBSnews - 🏆 240. / 63 Read more »

Full list: Chicago-area Mariano's, Jewel stores being sold amid Kroger/Albertsons mergerNearly three-dozen Illinois grocery stores are being sold to another operator as Kroger and Albertsons continue pursuing a massive merger that could completely…
Source: nbcchicago - 🏆 545. / 51 Read more »

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…
Source: nbcsandiego - 🏆 524. / 51 Read more »