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kroger-buys-grocery-chain-competitor

Kroger buys grocery chain competitor

BizTech WeeklyBy BizTech Weekly Oct 16, 2022

Kroger announced Friday it will buy grocery competitor Albertsons for $24.6 billion. The Cincinnati-based conglomerate also owns Ruler Foods, a discount chain carrying mostly Kroger merchandise, which has a store at 2103 William St. in Cape Girardeau, Missouri. The deal requires scrutiny and approval by federal antitrust regulators. In Southeast Missouri, Kroger has a. store in Poplar Bluff. The 24-hour market, employing 170 people, closed after 13 months because of what a company spokesman at the time called ‘unprofitability’ The former Alberstons. site is now occupied by Healthpoint Fitness. The current deal requires. approval by. federal antitrust. regulators. Albertons merged with Safeway in 2015 and then unsuccessfully tried to merge with pharmacy chain Rite . . .

Read more at www.semissourian.com
BizTech Weekly
BizTech Weekly

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