By Mark Hamstra
Source: Supermarket News
The looming potential merger of Kroger and Albertsons promises to impact, not just the two companies involved, but also the entire industry, from retail competitors to the companies’ suppliers and business partners.
As previously reported, Kroger and Albertsons have agreed to merge in a $24.6 billion deal that is scheduled to close early next year, pending FTC approval.
Perhaps nowhere is concern about the merger felt more strongly than among the workers of the two companies who fear the deal may cost them their jobs. Although Kroger and Albertsons have both stated that no stores would be closed as a result of the merger, hundreds of locations could be spun off to a new owner.