These 124 Washington stores will be impacted by the Kroger-Albertsons merger

  • 📰 Mynorthwest
  • ⏱ Reading Time:
  • 48 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 43%
  • Publisher: 53%

Mynorthwest.Com - Seattle News News

Sports,Weather,Traffic

Kroger and Albertsons revealed Tuesday the full list of 579 stores they will sell off to ease antitrust concerns over their proposed merger.

From left, A Kroger grocery store sign is seen in Flowood, Mississippi, in June 17. The Albertsons logo is displayed on a sign in front of an Albertsons grocery store in 2022 in Los Angeles.

“We are confident this expanded divestiture package will provide the stores, supporting assets and expert operators needed to ensure these stores continue to successfully serve their communities for many generations to come,” C&S CEO Eric Winn Kroger went on to praise C&S while noting that the company’s “strong operational focus coupled with its experienced management team and financial resources will position it to successfully operate divested stores for years to come.”

He compared it to when Albertsons merged with Safeway in 2015. Under a divestiture plan, they sold 146 stores to regional supermarket chain Haggen, which went bankrupt a year later.Monday to announce the resolution of a price-fixing antitrust lawsuit against companies who artificially raised the cost of chicken in Washington, he said part of the $37.7 million he was able to recover will be used to block the proposed Kroger-Albertsons merger.

 

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:

 /  🏆 438. in ZA

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.

Kroger-Albertsons merger would affect 124 WA grocery storesThe proposed Kroger-Albertsons merger would affect 124 grocery stores in Washington, and nearly 70 stores in the Seattle area would have to be sold off if the deal is approved.
Source: fox13seattle - 🏆 328. / 59 Read more »

Albertsons lists 18 Alaska Carrs Safeway stores planned for divestiture in proposed merger with KrogerA list of planned stores that will be divested by the parent company of Carrs-Safeway includes 18 locations in Alaska.
Source: AKNewsNow - 🏆 460. / 53 Read more »

Kroger and Albertsons release list of stores to be divested in proposed acquisitionA list of stores to be divested as a result of a proposed merger between Kroger and Albertson's was released by Kroger. The proposed acquisition is in litigation by the FTC and several state attorney generals for anticompetitive practices.
Source: FOX10Phoenix - 🏆 83. / 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 »