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Save A Lot Completes Transition to Wholesaler with Sale of 18 Stores

Retail TouchPoints

“As we’ve made a strategic shift to become a licensed wholesaler, it’s clear that our long-term growth momentum must be rooted in the success of our strong network of retail partners,” said Leon Bergmann, CEO of Save A Lot in a statement. This acquisition marks the final chapter in the retailer’s wholesale transformation, which began in 2020.

Wholesale 245
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Kroger and Albertsons to Sell 400+ Stores, 8 DCs to Speed Planned Merger

Retail TouchPoints

Kroger and Albertsons will sell 413 stores across 17 states and the District of Columbia, along with eight distribution centers, two offices and five private label brands, to C&S Wholesale Grocers for approximately $1.9 billion in cash.

Planning 277
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Colorado Court Puts Kroger-Albertsons Merger on Hold

Retail TouchPoints

A Denver District Court judge has stopped the Kroger-Albertsons merger in its tracks, cancelling a planned Aug. I am pleased that Kroger and Albertsons agreed to halt their plans to merge until the court rules on the state’s lawsuit to permanently block the grocery merger,” said Phil Weiser, Attorney General of Colorado in a statement.

Grocer 264
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Kroger, Albertsons Delay Merger Timeline to August as They Negotiate with Regulators

Retail TouchPoints

The planned $24.6 While this is longer than we originally thought, we knew it was a possibility and our merger agreement and divestiture plan accounted for such potential timing,” according to a joint statement from the retailers. “We Top execs from both companies defended the merger in testimony to a U.S.

Grocer 264
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To Make Merger More Palatable, Kroger and Albertsons Boost Store Divestment Count

Retail TouchPoints

billion merger, Kroger and Albertsons have increased the number of supermarkets they plan to divest by 166 , for a total of 579 stores. The retailers also have increased the corporate and office infrastructure they would sell to C&S Wholesale Grocers , as well as additional private label product lines, for a total of approximately $2.9

Grocer 255
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FTC Seeks to Block $24.6 Billion Kroger-Albertsons Merger

Retail TouchPoints

In September 2023 Kroger and Albertsons announced plans to sell 400+ stores, eight DCs, two offices and five private label brands to C&S Wholesale Grocers for approximately $1.9 billion , but the FTC has criticized the divestment as inadequate.

Grocer 262
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ACCC gives Woolies, PFD acquisition the thumbs up

Inside Retail

The ACCC will not oppose Woolworths Group’s plan to acquire food distributor PFD Food Services following a detailed investigation. And] while there were concerns expressed by some suppliers, many suppliers did not raise competition concerns.”. And according to MGA CEO Jos de Briun, their fight isn’t over.

Wholesale 208