Kroger, Albertsons plan to sell over 400 stores to C&S Wholesale for nearly $2 billion: Report

Kroger and Albertsons supermarkets in talks to sell over 400 stores to C&S Wholesale for nearly $2 billion
Divestiture part of plan to address antitrust concerns over proposed $25 billion Kroger-Albertsons merger
Stores to be sold are in Pacific Northwest, Mountain states, California, Texas, Illinois, East Coast
Deal could be announced as soon as this week, aiming to mollify regulators reviewing merger
C&S Wholesale Grocers would expand footprint in grocery store business with acquisition of hundreds of stores
Aldi recently announced purchase of 400 Winn-Dixie and Harveys stores, continuing growth in grocery market

usatoday.com

Relevant topic timeline:

9/8/2023

Kroger Sales Drop as Grocery Inflation Slows

Kroger's sales are struggling as grocery prices stabilize or decrease, causing a potential threat as customers may turn to retailers known for lower food prices such as Walmart, Aldi, or Dollar General.