.svg) | |
| Initiator | Kroger |
|---|---|
| Target | Albertsons |
| Type | Full acquisition |
| Cost | $24.6 billion |
| Initiated | October 14, 2022 |
The Kroger–Albertsons acquisition is a planned acquisition between the two American grocery chains which serve most of the country's mid-tier grocery market, Kroger and Albertsons. Kroger plans to compete with non-union grocery chain Amazon Fresh, which includes Whole Foods Market, discount department store chains Target and Walmart, and the warehouse club retail chains Costco and Sam's Club.
Announced in October 2022, Kroger, one of the largest supermarket chains in the United States, agreed to purchase Albertsons for $24.6 billion.[1] This merger, if approved, would create one of the largest grocery store chains in the US, combining nearly 5,000 stores and employing approximately 700,000 people.[2]
- ^ Repko, Melissa (October 14, 2022). "Kroger agrees to buy rival grocery company Albertsons for $24.6 billion". CNBC. Retrieved July 15, 2024.
- ^ Coolidge, Alexander. "Kroger wants to merge with rival Albertsons: What we know about the proposed $25B takeover". USA TODAY. Retrieved July 15, 2024.