Sunday, May 26, 2024

Kroger and Albertsons work to reach deal with trade commission

By Elizabeth Bobenhausen Poultry Times staff ebobenhausen@poultrytimes.com

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GAINESVILLE, Ga. — Grocery store chains, Kroger and Albertsons, plan to sell off more of their stores to meet the demands of the United States Federal Trade Commission. According to the Associated Press, the agency had grievances in regard to the merging of these two companies.

Both chains will sell 579 stores in markets where they intersect to the New Hampshire-based company, C&S Wholesale Grocers. C&S has agreed to pay $2.9 billion for the 579 stores. The original divestiture plan said C&S would buy 413 stores for $1.9 billion.

“We. . .

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