Kroger and Albertsons near deal to sell hundreds of stores nationwide in major shake-up affecting all shoppers ...Middle East

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TWO major retailers are engaged in talks over selling a number of stores to C&S Wholesale Grocers in a bid to get approval for a multi-billion dollar merger. Kroger announced its $25billion merger with Albertsons last October but both companies were hit with backlash from the public and US Congress. GettyKroger announced a $25billion merger with Albertsons last October[/caption] ReutersIn a bid to allay antitrust concerns, the merged retailers are selling off some stores[/caption] Rodney McMullen, the CEO of Kroger, and his Albertsons counterpart Vivek Sankaran were forced to defend their merger to senators on the Competition Policy, Antitrust, and Consumer Rights subcommittee.

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Last updated : 06 September 2023 clock 11:09 AM

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Kroger and Albertsons near deal to sell hundreds of stores nationwide in major shake-up affecting all shoppers ...Middle East

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