Kroger to Sell 24 Arizona Albertsons Stores to C&S Wholesale Grocers Due to Merger
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Some 24 Albertsons stores in Arizona, about 1/5 of locations, will be sold to C&S Wholesale Grocers due to Kroger-Albertsons merger.
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Kroger and Albertsons each own ~130 stores in Arizona, so divestiture introduction prevents excessive overlap.
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413 stores across 17 states and Washington D.C. will be sold under the divestiture plan.
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C&S will operate stores, ensuring no closures and retaining employees and benefits.
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Kroger chairman believes C&S will be a strong competitor and serve communities as Albertsons stores do now.