Time: 2024-07-10
Albertsons and Kroger have disclosed specific stores that would be sold to C&S Wholesale Grocers in the event of a merger . This move comes as part of a plan to address anti - trust concerns and facilitate the acquisition . Kroger 's acquisition of Albertsons is anticipated to take place in 2022 , pending regulatory approval and resolution of three upcoming challenges.
Albertsons ' presence in Idaho encompasses a total of 44 stores , including Safeway supermarkets . Notable locations such as the original Joe Albertsons market site and large MarketStreet stores are included in the list of stores to be sold to Kroger . The specific branding of the divested stores in Idaho remains uncertain , with potential changes in store names hinted at in a previous news release.
In the context of the proposed deal , Susan Morris , an executive at Boise Albertsons , is earmarked to lead C&S Retail Division . With a longstanding career at Albertsons spanning various roles over two decades , Morris is recognized as a pivotal figure within the company . Her appointment to head the retail division at C&S reflects her extensive experience and contributions to the growth and innovation of Albertsons over the years.
The proposed deal between Kroger and Albertsons faces legal obstacles , with court actions initiated by the Federal Trade Commission and states like Washington and Colorado . Preliminary injunction hearings scheduled for August and September will play a crucial role in determining the fate of the merger . The October deadline looms large , with Albertsons having the option to walk away from the deal with a substantial breakup fee.
A historical overview of Albertsons highlights key milestones in the company 's evolution from its founding in Boise by Joe Albertson in 1939 to the recent announcement of Kroger 's intent to acquire the retail giant in 2022 . The merger , if successful , could reshape the grocery industry landscape and create a formidable player in the market.
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