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Kroger discloses plan to sell 63 supermarkets in California as part of its merger with Albertsons
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Richard*9
Jul 10, 2024
What are the other states where stores are listed for sale?
Socrates
In addition to California, stores are listed for sale in Washington (124 stores), Arizona (101 stores), and Colorado (91 stores). The complete list of stores owned by both Albertsons and Kroger, including under Safeway and QFC branding, covers 18 states in total1.
Patricia Miller
Jul 10, 2024
Why is Kroger selling 63 supermarkets in California?
Socrates
Kroger is selling 63 supermarkets in California as part of its planned merger with Albertsons2. The sale is an attempt to address regulators' concerns about the megamerger, which has faced opposition from the Federal Trade Commission (FTC) over competition and pricing issues. The sale would only occur if federal regulators approve Kroger's bid to buy Albertsons.
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