Mergers and acquisitions


Kroger enters into $24.6B deal to buy Albertsons

The acquisition, which remains subject to regulatory approval, would create a mega-grocer that could rival Walmart.


What does the planned Kroger-Albertsons marriage mean for the industry?

Grocery experts sound off on the potential repercussions of the proposed $24.6 billion merger for both the industry and shoppers.

The proposed $24.6 billion union of two of the country’s biggest grocers will have wide-ranging repercussions for the industry.

Bloomberg News reported Thursday that the two retailers are discussing a potential merger, which would create a massive grocery company.

The retailer has proposed acquiring outstanding shares of 400-store Massmart and taking the company private in a bid to stay ahead of Amazon in Africa.

The Abingdon, Virginia-based retailer said it plans to retain the Cooke’s/Fresh n’ Low names and operate both formats of the Tennessee-based chain in a similar fashion for the immediate future.

After Grubhub reportedly saw interest from grocery private-equity power player Apollo Global Management as well as the company's founder, current CEO says all options remain on the table.

The retailer last month expanded its partnership with warehouse automation specialist Symbotic, which will see its tech implemented in all 42 of Walmart's regional distribution centers.

This week we're scanning a strong first quarter for Kroger, some notable grocery M&A activity, new stores and new markets for Grocery Outlet and BJ's Wholesale Club, and a big scale-back for another instant delivery startup.

Once the deal is completed, Cardenas will be combined with Tony’s Fresh Market, which Apollo acquired in April; the companies will continue to operate under their respective brands and local leadership.

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