Tag Archives: grocery stores

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 …

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FDA: Plant-Based Drinks Can Be Labeled As “Milk”

The Associated Press reports: Soy, oat, almond and other drinks that bill themselves as “milk” can keep using the name, according to draft federal rules released Wednesday. Food and Drug Administration officials issued guidance that says plant-based beverages don’t pretend to be from dairy animals – and that U.S. consumers aren’t confused by the difference. Dairy producers for years have …

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Kroger To Buy Albertsons In Grocery Mega-Merger

CNBC reports: Rival grocers Kroger and Albertsons on Friday announced plans to team up. The companies said Kroger agreed to buy Albertsons for $34.10 a share in a deal valued at $24.6 billion. Albertsons shares had closed Thursday at $28.63 after surging on reports that a deal was imminent. Kroger is the second-largest grocer by market share in the United …

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