Non-Road Boards > Off-Topic
Kroger to buy Albertsons?
elsmere241:
It's been announced officially: https://www.cnn.com/2022/10/14/business/kroger-albertsons-merger
They see themselves spinning off about 400 stores.
SP Cook:
--- Quote from: elsmere241 on October 14, 2022, 10:05:21 AM ---
They see themselves spinning off about 400 stores.
--- End quote ---
That is Kroger’s opening proposal. A single entity owned by the old Albertson’s stock holders containing the overlapping stores.
Wells-Fargo on the other hand thinks Kroger will have to sell off more stores, about 550 and do so region by region. W-F is probably correct, a 450 store company with stores in random unconnected places (Texas, inter mountain West, SoCal, DC-BAL, Chicago) would be unwieldy. Selling a region off to a big chain that doesn’t do business there, would make more sense.
abefroman329:
It would be a disaster in Chicagoland, especially considering the fact that we've barely recovered from all of the Dominick's being shuttered at the end of 2013. Kroger would have to decide between shuttering or selling off the Jewel-Osco locations (I assume they'd rather do that than shutter or sell off Mariano's, Food 4 Less, and Roundy's).
kphoger:
--- Quote from: abefroman329 on October 14, 2022, 02:26:46 PM ---Jewel-Osco locations
--- End quote ---
I've been assured that the chain is called "Jewel's" because there are more than one of them.
abefroman329:
--- Quote from: kphoger on October 14, 2022, 02:30:52 PM ---
--- Quote from: abefroman329 on October 14, 2022, 02:26:46 PM ---Jewel-Osco locations
--- End quote ---
I've been assured that the chain is called "Jewel's" because there are more than one of them.
--- End quote ---
:-D
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