By Brandon Eanes Source: WVNS-TV According to information from members with the United Food & Commercial Workers (UFCW) Local 400 Union, Kroger union members have filed a class action lawsuit alleging wide ranging wage theft. On Thursday, January 19, 2023, a group of Kroger associates in the Mid-Atlantic region filed [...]
By Sabrina Escobar Source: MarketWatch Kroger's intended merger with rival Albertsons could limit declines in its stock, even as macroeconomic conditions get tougher for the grocery segment, Morgan Stanley says. Analyst Simeon Gutman raised his rating for Kroger stock to Equal-Weight from Underweight on Tuesday and changed his price target [...]
Source: WBUR.org The deal between grocery-store giants Albertsons and Kroger could form a formidable new industry competitor if successful — but it faces an uphill battle. Here & Now's Scott Tong speaks to host of public radio's "Full Disclosure" Roben Farzad. Click to hear the podcast
By Elizabeth Ireland Source: Times of San Diego Skeptical lawmakers from across the political spectrum questioned executives at grocers Kroger — parent company of Ralphs — and Albertsons, parent of Vons, on Tuesday about their planned $25 billion merger amid concerns the tie-up could boost already-high food prices. Senator Amy Klobuchar, a Democrat and chair of the [...]
By Sam Silverstein and Peyton Bigora Source: Grocery Dive As Kroger and Albertsons seek government clearance to form a supersized grocery company, the extent to which the chains already overlap in markets across the U.S. looms as a key factor for regulators, community leaders and others evaluating the proposed merger. [...]
By Maggie Fusek Source: Patch.com A proposed merger between the nation’s two largest grocery corporations, Albertsons and Kroger, threatens to make a bad economic situation even worse, opponents of the merger wrote Monday. A Washington court has issued a temporary restraining order, putting a pause on a $4 billion payout [...]
By David Ritter and Conor Gaffney Source: Grocery Dive Kroger and Albertsons recently shocked the retail world by announcing a nearly $25 billion arrangement that will combine two of America’s top grocers and result in a national network of 5,000 stores and annual revenue of about $200 billion. While a deal [...]
By Russell Redman Source: Supermarket News The formal opening of an Ocado-automated “spoke” facility in Oklahoma City has extended The Kroger Co.’s reach to 36 states, now including Oklahoma. Cincinnati-based Kroger said Monday that the 50,000-square-foot spoke site, at 8801 North I-35 Service Rd. in Oklahoma City, recently hosted an [...]
By Moe Tkacik Source: Slate Earlier this week, four state attorneys general filed two separate lawsuits seeking to stop a clique of private equity firms from swiping $4 billion from the massive supermarket chain they own. It was a frankly shocking turn of events, given that, as anyone who has [...]
By Russell Redman Source: Supermarket News After lawsuits filed by three state and the District of Columbia attorneys general, a county court in Washington state has paused Albertsons Cos.’ planned $4 billion dividend payment in connection with its proposed acquisition by The Kroger Co. A King County Superior Court commissioner [...]