Kroger Co. is in talks about combining with Albertsons Cos. in a deal that would create a U.S. grocery giant, people familiar with the matter said.
Inflation hasn’t been this high in decades. We compiled a snapshot of prices at ten grocery chains in the L.A. area. How does your local store stack up?
Albertsons in February announced a strategic review of its businesses, which include the Acme, Tom Thumb and Shaw’s chains as well as its eponymous stores, that raised the prospect of potential disposals to help create value for shareholders. Cincinnati-based Kroger, meanwhile, grew less sharply than Albertsons through the pandemic but has held on to more of its gains.
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Kroger is said to be in talks to combine with rival AlbertsonsKroger Co. is in talks about a tie-up with rival Albertsons Cos. in a deal that would create a U.S. grocery giant, people familiar with the matter said. An...
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Grocery chains Kroger, Albertsons in talks for possible merger: reportA possible agreement could reportedly be reached as soon as this week. In February, Albertsons' board of directors launched a review of potential strategic alternatives.
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Shares of Albertsons jump on report of potential merger with grocery giant Kroger
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