Merger of the two biggest retail chains in the USA
Kroger Co. and Albertsons Cos. signed a USD 24.6bn deal in mid-October. Under the deal, Cincinnati-based Kroger plans to acquire all outstanding shares of Albertsons for about USD 34.10 per share. The deal will join the first- (Kroger) and second-largest (Albertsons) supermarket retailers in the USA, establishing a national company with 4,996 stores, 66 distribution centres, 52 manufacturing plants, 2,015 petrol stations and more than 710,000 employees.
Related news
Nestlé USA to Invest $150 Million to Expand Gaffney, South Carolina, Plant
Project will add a production line for the company’s single-serve…
Read more >
Nestlé unveils new global cuisine brands
Nestlé has launched two new international gastronomy brands in the…
Read more >
Wonder to acquire Grubhub for $650M
Just Eat Takeaway originally purchased Grubhub for $7 billion in…
Read more >Related news
Why are parcel locker providers getting stuck? This data points to the reasons
Parcel terminals are becoming increasingly popular: this year, nearly three-quarters…
Read more >
Using 30% less materials would be a solution to the climate crisis
The circular economy is a global imperative: it transcends geographical…
Read more >
Sustainability and health: the rise of plant-based dairy products in Hungary
In recent years, plant-based dairy alternatives have gained significant popularity…
Read more >
