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Kroger Co. is locked in a lawsuit brought by Albertsons Cos. Inc. over the halt of the two companies' planned $24.6 billion merger. (WKRC) ...
Amid plans to shut 60 stores, Kroger commits to new openings and employee relocations, navigating challenges after the attempted merger with Albertsons.
Albertsons has levied additional accusations against Kroger, claiming the grocery giant was “disorganized” in its efforts to find a buyer for stores it needed to divest.
Kroger and Albertsons called off their $25 billion merger in December after the U.S. courts blocked it.
Kroger has denied the accusation and countersued Albertsons for allegedly breaking the merger agreement.
Kroger, the parent company of Ralphs and Food 4 Less, is reducing its footprint after the resignation of its chief executive and a failed merger with competing grocery giant Albertsons.
Major grocery chain Kroger plans to close 60 underperforming stores following the ouster of its CEO and failed merger with rival Albertsons.
The announcement comes six months after Kroger's plans to merge with Albertsons collapsed, leading to an ongoing legal battle.
Kroger is set to close approximately 60 store locations nationwide in the next year The news comes after a proposed $25 billion merger between Kroger and Albertsons ...
Albertsons later sued Kroger, saying it had failed to make every effort to ensure that the merger would win regulatory approval.
Kroger and Albertsons released a joint statement Monday saying the timeline for the merger had to be pushed back as the grocery giants continue talks with federal regulators and Washington officials.
Albertsons said it will close its Portland store this summer and 87 workers will be transferred to other stores.