Kroger, Albertsons prepare to make final federal court argument for their merger
The Federal Trade Commission argues the deal would eliminate competition and lead to higher food prices for already struggling customers.
The Federal Trade Commission argues the deal would eliminate competition and lead to higher food prices for already struggling customers.
The two companies proposed what would be the largest supermarket merger in U.S. history in October 2022. But the Federal Trade Commission sued to prevent the $24.6 billion deal, alleging it would eliminate competition and raise grocery prices.
The recalls are tied to an ongoing outbreak of listeria poisoning that has killed two people and sickened nearly three dozen in 13 states, according to the U.S. Centers for Disease Control and Prevention.
It’s unclear if the new plan will satisfy regulators. In February, the U.S. Federal Trade Commission sued to block the $24.6 billion merger between the grocery giants.
Kroger said the specialty pharmacy business is separate from its in-store retail pharmacies and The Little Clinics, which are not included in the proposed sale.
Plans call for the Star Brick Village retail and residential development to be built on 72 acres along East 146th Street, just north of Fishers.
In a statement Monday, Kroger said it was delaying its timeline for closing the $25 billion deal due to ongoing dialogue with regulators, including state attorneys general and the Federal Trade Commission.
Mix Food Hall locations, which offered menu items from several restaurants and filled them through online ordering, have shut down less than a year after opening in Hamilton County.
Plans call for the 120,000-square-foot store to fill a site formerly occupied by defunct grocery Marsh Supermarkets and replace a much smaller Kroger store across the street.
Vibenomics launched the platform, called the In-Store Marketplace, earlier this month. It’s designed as a one-stop shop where retailers can purchase in-store audio and digital advertising from both Vibenomics and other companies.
Gershman Partners and Citimark plan to raze the grocery to make way for a new mixed-use project, though plans for the development are still in the works.
A firm that specializes in real estate anchored by groceries has closed on the purchase a 104,678-square-foot shopping center dominated by a Kroger supermarket.
Kroger said the store, which has nearly 40 employees, hasn’t operated profitably for several years and that a turnaround wasn’t realistic.
The owner of a 60-acre commercial development that recently took shape on former farmland in Franklin Township is planning a few new components, with long-term plans for at least a dozen more buildings.
Federal investigators said Frank “Bread” Powell organized a ring that used more than 5,000 fraudulent checks to purchase gift cards and merchandise from Kroger and other stores in 12 states from January 2016 until April 2018.
Try using the plant-based “meat” product for Jalapeño Burgers and Chilaquiles With Red Beans and Charred Tomatillo Salsa. You can find Impossible meat at 4,700 stores nationwide, including Kroger stores.
Fishers-based audio marketing technology company Vibenomics Inc. on Wednesday said its specialized private audio network will broadcast inside Kroger’s 2,300 stores, targeting millions of monthly visitors.
Just days after announcing it would end hazard “hero” pay to front-line workers, Kroger says it will give them extra “thank you” bonuses.
Indianapolis food-delivery company ClusterTruck is partnering with Cincinnati-based Kroger for a pilot program that will give the grocery giant an entry into the fast-growing meal delivery market, the companies announced Monday.
While earnings narrowly beat analysts’ estimates, profit margins decreased again because of investments Kroger is making to keep pace with the competition.