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Albertsons

FTC sues to block Kroger-Albertsons merger

FTC sues to block Kroger-Albertsons merger

WASHINGTON — The Federal Trade Commission has filed a lawsuit to block Kroger’s proposed $25 billion merger with Albertsons Cos., contending that consumers will see higher prices and workers will see lower wages if the deal goes through. “This supermarket mega merger comes as American consumers have seen the cost of groceries rise steadily over

Kroger vows more space for local products

Kroger vows more space for local products

CINCINNATI — Kroger Co. said Tuesday that it commit to making more local products available to its customers following its proposed merger with Albertsons Cos. Once the deal is consumated, the combined company will increase the number of local products in its stores by 10%, which equates to at least of 30 new local products

Kroger, Albertsons reveal divestiture plan

Kroger, Albertsons reveal divestiture plan

  CINCINNATI — The Kroger Co. and Albertsons Cos. today announced that they have entered a definitive agreement with C&S Wholesale Grocers LLC for the sale of 413 stores and other assets in connection with the supermarket retailers’ proposed merger. The agreement also calls for Keene, N.H.-based C&S Wholesale to acquire three banners, eight distribution

Kroger, Albertsons reportedly close to divestiture deal

Kroger, Albertsons reportedly close to divestiture deal

NEW YORK – C&S Wholesale Grocers is reportedly in talks to potentially buy grocery stores from Kroger and Albertsons as the retailers pursue regulatory approval of a proposed merger that could require divestiture of hundreds of supermarkets. News of the talks was first reported by Bloomberg News and picked up by other media outlets.  Reuters,

Albertsons names Tom Moriarty EVP, general counsel

Albertsons names Tom Moriarty EVP, general counsel

BOISE, Idaho — Albertsons Cos. has named Tom Moriarty to be executive vice president and general counsel, effective June 5. Moriarty brings more than 30 years of executive leadership experience to Albertsons Cos., including senior positions across legal, corporate strategy, policy and operations. He joins the Company from CVS Health, where he spent more than

Albertsons Cos. unveils new look for O Organics

BOISE, Idaho — Albertsons Cos. has updated the packaging of its O Organics brand, and is celebrating the private label line’s new look with a campaign designating April as Organic Breakfast Month and encouraging customers to share their favorite breakfast routine on social media using #WakeUpOrganic. Albertsons aims to position O Organics as the go-to

Kroger reportedly seeking to buy Albertsons

Kroger reportedly seeking to buy Albertsons

CINCINNATI — Kroger Co. is seeking to acquire Albertsons Cos. and could announce a deal this week, according to published reports. Kroger is the nation’s top traditional grocery store operator, with almost 2,800 food stores operating under about 20 different banners, including Kroger, Ralphs, Dillons, Smith’s, King Soopers, Fry’s, QFC, City Market, Owen’s, Jay C,

Albertsons posts Q1 sales increase, raises outlook

Albertsons posts Q1 sales increase, raises outlook

BOISE, Idaho — Albertsons Cos. reported top and bottom line gains for its fiscal first quarter, and raised its outlook for the year. The company said Tuesday that identical sales increased 6.8% for the quarter, which ended June 18. Digital sales increased 28%, and net income increased about 8.1%, to $484.2 million, or $0.84 per

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