![]() Together, the grocers said on Friday, they will be able to save millions in operating costs and have stronger bargaining power with suppliers. It has a market capitalization of roughly $15 billion. ![]() Its brands include Ralphs, Dillons and Harris Teeter.Īlbertsons, based in Boise, Idaho, and founded in 1939, runs 2,200 supermarkets under names like Albertsons, Safeway and Vons. ![]() Kroger, which was founded in 1883, operates 2,750 grocery stores across the United States from its Cincinnati headquarters, and it has a market capitalization of about $32 billion. While Kroger’s most recent financial results were strong, Albertsons stock has fallen about 10 percent over the last year. But both retailers are facing new challenges as they grapple with rising inflation and prolonged supply chain delays. Why are Kroger and Albertsons merging?īoth retailers want to get bigger to battle against the likes of Walmart, which is, by revenue, the largest grocer in the United States. That leaves a number of questions about the potentially industry-shifting deal. The acquisition, aimed in part to take on Walmart, comes as record inflation continues to squeeze people’s wallets and as regulators try to rein in the power of giant corporations. If it is approved by officials, the deal would unite two of the country’s largest supermarket chains to create a corporate behemoth that collectively generates $209 billion in revenue a year and operates nearly 5,000 stores. ![]() The grocery giant Kroger announced plans on Friday to acquire Albertsons in a $24.6 billion deal that could reshape the supermarket landscape in the United States. ![]()
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