Kroger to fight for Albertsons deal

 

If the FTC tries to stop Kroger's $24.6B acquisition of Albertsons, CEO Rodney McMullen has pledged to file a lawsuit.  The business is sure its advisors can devise a workable plan to develop a favorable environment with lower prices. Concerning selling up to 650 stores, Kroger and Albertsons are in discussions with prospective buyers. The grocers are considering selling their locations to potential buyers, including private equity firms, established retailers, and Amazon, to increase their physical store presence without incurring too much debt. The Kroger-Albertsons merger would strengthen Kroger's presence across the country, increase its ability to compete with Walmart and Amazon, and fund investments in the supply chain, technology, and employee benefits. Kroger favors a broader definition of the market than just traditional supermarkets, one that considers rivals like Amazon, warehouse clubs, and discounters.