By Errol Schwiezer
Source: Forbes
The FTC is expected to soon weigh in on the Kroger/Albertsons merger. The $24.6 billion deal will create a grocery chain with over $200 billion in annual sales. With nearly 5000 stores, 700,000 employees and 15% national market share, the roll-up will include dozens of familiar banners, including King Soopers, Fred Meyer, Harris Teeter, Vons, Vitacost, Randall’s, Haggen, Shaw’s, Jewel-Osco and Safeway. The combination will be second only to Walmart/Sam’s Club in grocery volume and enable just 4 chains to control 60% of grocery sales in the U.S. After years of price inflation enabling record profits and stock buybacks, there is significant pushback to the merger.
Share This Story
