Kroger, Albertsons Announce Intended Merger
Two of the nation’s largest grocers have agreed to merge
Two of the nation's largest grocers have agreed to merge in a deal they say would help them better compete with Amazon, Walmart and other major companies that have stepped into the grocery business.
Kroger, based in Cincinnati, Ohio, operates 2,800 stores in 35 states, including brands like Ralphs, Smith’s and Harris Teeter. Alberstons, based in Boise, Idaho, operates 2,220 stores in 34 states, including brands like Safeway, Jewel Osco and Shaw’s. Together the companies employ around 710,000 people. The deal will likely get heavy scrutiny from U.S. antitrust regulators, especially at a time of high food price inflation. If approved, the deal is expected to close in early 2024.
Please select this link to read the complete article from WBNS-10TV.