Published 09/08/2023 6:37:00 p.m.

Kroger and Albertsons sell 400 stores to Piggly Wiggly’s parent company

Kroger and Albertsons have agreed to sell over 400 stores and other assets for $1.9 billion to C&S Wholesale Grocers in order to gain antitrust approval for their merger. The brands being sold include QFC, Mariano's, and Carrs, along with private label brands like Debi Lilly Design and Primo Taglio. The deal is expected to close early next year.
The merger between Kroger and Albertsons is driven by the need to compete with major companies like Walmart and Amazon in the grocery business. Rising prices and consolidation in the industry have also influenced the decision to merge. Discount grocer Aldi recently announced plans to buy 400 Winn-Dixie and Harveys supermarkets.
C&S Wholesale Grocers, a major grocery wholesaler and operator of Piggly Wiggly and Grand Union stores, will acquire the divested stores and assets. Kroger Chairman and CEO Rodney McMullen emphasized that C&S will honor collective bargaining agreements and retain frontline associates.

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Associated Press News

Kroger and Albertsons sell hundreds of stores in a bid to clear merger of the 2 largest US groceries

Grocers Kroger and Albertsons are selling more than 400 stores and other assets to C&S Wholesale Grocers in an approximately $1.9 billion deal as part of their efforts to complete

09/08/2023 2:08:52 p.m.·United States

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CNN

Kroger and Albertsons sell 400 stores to Piggly Wiggly's parent company

Kroger and Albertsons are selling roughly 400 stores to Piggly Wiggly’s parent company in an attempt to win antitrust approval for the mega merger between the grocery stores.

09/08/2023 3:20:01 p.m.·Atlanta, United States

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KIFI

Kroger and Albertsons sell 400 stores to Piggly Wiggly’s parent company

By Jordan Valinsky, CNN Business New York (CNN) — Kroger and Albertsons are selling roughly 400 stores to Piggly Wiggly’s parent company in an attempt to win antitrust approval for the mega merger between the grocery stores. C&S Wholesale Grocers will pay $1.9 billion, with the deal expected to close in early 2024 subject to regulatory approval, the company said in a statement. C&S, a privately held company, operates 500 grocery stores under the…

09/08/2023 3:20:01 p.m.·Idaho Falls, United States

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KRDO

Kroger and Albertsons sell 400 stores to Piggly Wiggly’s parent company

09/08/2023 3:20:01 p.m.·Colorado Springs, United States

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The Washington Post

Kroger and Albertsons to sell 413 stores to C&S for $1.9 billion

Kroger rose the most in six months after agreeing to sell 413 stores to C&S Wholesale Grocers in a divestiture designed to help win antitrust approval for its $24.6 billion merger with Albertsons.

09/08/2023 11:34:00 a.m.

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KVIA

Kroger and Albertsons sell 400 stores to Piggly Wiggly’s parent company

Originally Published: 08 SEP 23 11:20 ET By Jordan Valinsky, CNN Business New York (CNN) — Kroger and Albertsons are selling roughly 400 stores to Piggly Wiggly’s parent company in an attempt to win antitrust approval for the mega merger between the grocery stores. C&S Wholesale Grocers will pay $1.9 billion, with the deal expected to close in early 2024 subject to regulatory approval, the company said in a statement. C&S, a privately held compa…

09/08/2023 5:21:01 p.m.·Panama City, United States

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