Kroger and Albertsons Announce Sale of Nearly 600 Locations to Gain Merger Approval

Money | July 11, 2024, 6:04 p.m.

In preparation for their proposed merger, Kroger and Albertsons have identified 579 locations across the country that they plan to sell off to address regulators' concerns. The sale of these stores to C&S Wholesale Grocers is set to happen after the completion of the merger, as outlined in an April press release. This divestiture plan includes six distribution centers, a dairy plant, certain brands, and other non-store assets. Despite regulatory scrutiny, both companies have emphasized that no stores will close as a result of the merger, and all frontline employees will retain their jobs and benefits. The Federal Trade Commission has challenged the merger, arguing it may lead to higher prices for consumers, but Kroger and Albertsons maintain that the deal will benefit customers, associates, and communities. The merger faces ongoing legal challenges as the two grocery giants navigate the complex process.