USA: Kroger and Albertsons to divest over 400 stores following merger
Kroger and Albertsons have announced plans to divest 413 stores to retail supply firm C&S Wholesale Grocers in connection with the proposed merger of the two chains, which was announced last year. The deal involves stores operating under banners such as QFC, Mariano’s, and Carrs. Kroger will also sell private label brands like Debi Lilly […]
USA: Kroger and Albertsons announce merger
US retail chains Kroger and Albertsons, currently ranked No. 1 and No. 2 largest supermarket retailers in the country, have announced that the companies are to merge. According to a Kroger press release, the merger will expand customer reach and improve proximity to fresh and affordable food to around 85 million households. Under the terms […]
USA: Albertsons and Rite Aid to merge
Albertsons, the US grocery retailer, has announced that it has reached an agreement to merge with Rite Aid, a leading pharmacy chain, in a cash and stock deal. Rite Aid shareholders will own a 28 to 29.6% stake in the combined company, whilst current Albertsons shareholders will own a stake from 70.4 percent to 72 […]
USA: Albertsons launches Market Street Idaho banner
Albertsons, the US grocery retailer, has announced the opening of a new store concept called Market Street Idaho, to be launched in two locations in the Boise, ID area. According to the company, the new banner will introduce a unique shopping and culinary experience for foodies, inviting customers to “Eat Life Up”. Susan Morris, EVP […]