Kroger, Albertsons announce stores that would be sold under merger

  • 📰 KPBSnews
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 63%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Eleven San Diego County stores would be sold off in the proposed merger.

Kroger and Albertsons Tuesday released a list of 579 stores that would be sold off under a proposed mega-merger of the grocery giants, including 63 locations in California.According to Bloomberg, Kroger CEO sent a memo to employees at all of the affected stores notifying them of the plans to spin off the locations to C&S Wholesale Grocers if the merger goes through. All employees are expected to be able to maintain their employment with C&S, officials have said.

Kroger has denied such claims, insisting that no stores, distribution centers or manufacturing facilities would be closed, and claiming that"customers will benefit from lower prices and more choices" through the merger. The United Food and Commercial Workers union, which represents grocery workers, issued a statement Tuesday saying it continues to oppose the merger.

"Today's announcement changes nothing," according to the union."The merger is not a done deal, far from it. We remain focused on stopping the proposed mega-merger for the same reasons we have stated since it was first announced over 20 months ago — because we know it would harm workers, it would harm shoppers, it would harm suppliers and communities, and it is illegal.

"These legal challenges to the proposed merger are moving forward with hearings beginning at the end of July and scheduled to go through September.

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:

 /  🏆 240. in ZA
 

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

South Africa South Africa Latest News, South Africa South Africa Headlines

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

FTC and State AGs Sue to Block Kroger-Albertsons 'Mega Merger'Jake Johnson is a senior editor and staff writer for Common Dreams.
Source: commondreams - 🏆 530. / 51 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 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 »

35 Mariano's, Jewel stores in Illinois to be sold in Kroger-Albertsons merger talksAs they continue to pursue a blockbuster merger, Kroger and Albertsons have identified nearly three-dozen Illinois stores they plan to sell as part of a…
Source: nbcchicago - 🏆 545. / 51 Read more »