Kroger & Albertsons set to sell 400 stores for close to $2billion as fears persist that merger could hurt shoppers ...Middle East

The U.S. Sun - News

KROGER and Albertsons are divesting 400 stores in a deal worth almost $2billion in order to allay antitrust concerns amid their merger. Kroger announced its $25billion merger with Albertsons last October but both companies were hit with backlash from the public and US Congress. Kroger and Albertsons are set to sell 400 storesGetty The deal follows a multi-million dollar merger that raised antitrust concernsGetty The two major retailers are being investigated by the Federal Trade Commission as concerns arose that the merger could decrease competition and increase prices. In an attempt to deter these antitrust concerns from federal regulators, Kroger said in its announcement of

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Last updated : 07 September 2023 clock 01:16 PM

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Kroger & Albertsons set to sell 400 stores for close to $2billion as fears persist that merger could hurt shoppers ...Middle East

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