Kroger/Albertsons To Shed 413 Stores In Antitrust Move

The Associated Press reports:

Kroger and Albertsons will sell more than 400 stores and other assets for about $1.9 billion, seeking to clear a path for a merger with antitrust regulators reviewing a deal that would unify two of the nation’s largest grocery chains. The 413 stores are being sold to to C&S Wholesale Grocers.

The grocery chains say they must merge to compete with Walmart, Amazon and other major companies that have stepped into the grocery business.

C&S, which was founded in 1918, is a supplier to independent grocery stores, supplying more than 7,500 independent supermarkets, retail chain stores and military bases. It currently runs Grand Union grocery stores and Piggly Wiggly franchise and corporate-owned stores in the Midwest and Carolinas.

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Grocers Kroger and Albertsons are selling more than 400 stores and other assets to C&S Wholesale Grocers in an approximately $1.9 billion deal as part of their efforts to complete their merger. https://t.co/eSapTx9p29

— The Associated Press (@AP) September 8, 2023