Divestitures

Articles on divestitures and sell offs in the retail industry.

  1. Channel: Grocery

Kroger, Albertsons sound off on negative comments over pending merger

    [[“value”:” A recent listening session about the pending Kroger, Albertsons merger was filled with misleading information, according to an Albertsons spokesperson. Federal Trade Commission Chair Lina Khan and Colorado Attorney General Phil Weiser hosted the hour-long meeting in Denver, where several store workers and community members spoke out against the merger, but no […]
2 min read
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  1. Channel: Mass

SN Top: Sobeys, Walmart, Walgreens top the week's headlines

    [[“value”:” In this week’s recap of the Top 10 most popular Supermarket News articles, the top story was Sobeys vegetable supplier calls it quits. A supplier of some vegetables to Sobeys stores has sold its operations, reports Canada news outlet Saltwire. Sawler Gardens’ sale with a local farmer located about a mile from its land located on […]
< 1 min read
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  1. Channel: Grocery

Kroger, Albertsons merger should be safe with divestiture: report

    [[“value”:” History says the $24.6 billion Kroger, Albertsons merger should survive any lawsuit, ultimately getting the stamp of approval from the Federal Trade Commission (FTC), according to a new report. A white paper recently released by the International Center for Law & Economics, titled “Food-Retail Competition, Antitrust Law, and the Kroger/Albertsons merger,” says […]
2 min read
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  1. Channel: Grocery

Piggly Wiggly could see big growth again in Texas

    [[“value”:” Piggly Wiggly is showing signs of a comeback in the state of Texas — and the growth is being attributed to both the recent C&S acquisition deal, as well as the efforts of one independent grocer, reports the Dallas Morning News. Local Texan Fernando Soto owns three Save A Lot stores. He […]
< 1 min read
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  1. Channel: Grocery

SN Top 10: Walmart, Walgreens, Kroger top the week's headlines

    [[“value”:” In this week’s recap of the Top 10 most popular Supermarket News articles, the top story was Former FTC policy director: Kroger, Albertsons merger is facing ‘a hurricane storm’. The Federal Trade Commission (FTC) could be leaning towards challenging the Kroger, Albertsons merger in court, and representatives on both sides are scheduled […]
< 1 min read
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  1. Technology & Innovation

Asda inks multi-year divestiture and digital transformation deal with Tata Consultancy Services

Tata Consultancy Services has announced a multi-year partnership with Asda to support its digital transformation and to implement a new organisation wide IT operating model, following its divestiture from Walmart. This will see the grocery giant leverage TCS’ cloud, AI, and security solutions. TCS will build a new digital core by implementing multiple cloud-based ERP […]
2 min read
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  1. Channel: Convenience

68 Circle K stores are up for sale

    [[“value”:” Alimentation Couche-Tard Inc. is looking to sell 68 U.S. Circle K convenience stores, reports Petrol Plaza. NRC Realty & Capital Advisors will assist with the sale, marking the third time in three years the Chicago firm has worked with Alimentation Couche-Tard to sell Circle K stores. The stores are located in […]
< 1 min read
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  1. Trends & External Forces

Your Views:  Split Decision?

Responding to yesterday’s breaking news coverage of the FTC antitrust suit against Amazon, MNB reader Joe Ciccarelli wrote: Agree with all your observations. I would add – think AT&T, IBM and Microsoft antitrust lawsuits. It will take years and the only truly ones benefiting will be the various law firms the Government hires as well […]
6 min read
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  1. Channel: Grocery

In Washington State, Intensive Scrutiny Of Kroger-Albertsons Deal

The Seattle Times has a piece about the proposed $24.6 billion acquisition of Albertsons by Kroger, and the companies’ saying that they will sell 413 stores, including 104 in Washington State, to C&S Wholesale Grocers in order to get Federal Trade Commission (FTC) approvals. While Kroger has pledged that it will not close any stores […]
2 min read
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  1. Channel: Grocery

Your Views:  Divestiture Blues

Regarding the proposed Kroger-Albertsons deal, one MNB reader wrote: My immediate reaction to the announced sale of stores to C&S was that, outside the Pac NW, the stores being divested in other geographies do not provide enough scale in their markets to become viable competitors to the merged Kroger/Albertsons stores. The small number of stores […]
2 min read
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  1. Channel: Grocery

Analysis:  Kroger-Albertsons Deal Still In Regulatory Trouble

The financial analysis service Seeking Alpha is out with an assessment of the prospects that the Federal Trade Commission (FTC) will approve Kroger’s proposed $24.6 billion acquisition of Albertsons. In short, Seeking Alpha is dubious, at least in part because of ongoing comparisons of the proposed divestiture of more than 400 stores to C&S Wholesale […]
3 min read
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  1. Channel: Grocery

Even with divestiture deal, Kroger-Albertsons merger faces challenging odds, analysts say

The grocers’ plan to sell hundreds of stores to C&S Wholesale Grocers increases the chance of the deal getting done, according to two Wall Street firms — though they still put the odds at only around 50%.
< 1 min read
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  1. Channel: Grocery

Albertsons launches rapid grocery pick-up and delivery service in US

[[“value”:” Albertsons’ Flash grocery service enables pick-up and delivery orders in as little as 30 minutes. Credit: © Business Wire/Albertsons Companies. Food and drug retailer Albertsons has launched the Flash grocery service, which enables customers to receive their DriveUp & Go and delivery orders in as little as 30 minutes. Through Albertsons’ websites and mobile […]
2 min read
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  1. Channel: Grocery

SN Top 10: Kroger, Aldi, Sprouts top the week's headlines

    [[“value”:” In this week’s recap of the Top 10 most popular Supermarket News articles, Kroger, Albertsons may sell off stores to C&S Wholesale Grocers in anticipation of merger deal. Kroger and Albertsons could be close to selling an undisclosed number to C&S Wholesale Grocers, as a means towards cinching regulatory approval for the […]
2 min read
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  1. Channel: Grocery

Kroger To Divest Over 400 Stores in Bid to Close $25 Billion Albertsons Deal

Kroger has announced plans to divest over 400 grocery stores to C&S Wholesale Grocers, a move aimed at gaining regulatory approval for its nearly $25 billion takeover of Albertsons. The deal will bring Kroger approximately $1.9 billion in cash, with the possibility of C&S purchasing an additional 237 stores in specific regions to meet regulatory…
< 1 min read
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  1. Channel: Grocery

Kroger Reports Second Quarter 2023 Results and Reaffirms Guidance

The Kroger Co. (NYSE: KR) today reported its second quarter 2023 results, reaffirmed 2023 guidance and updated investors on how Leading with Fresh and Accelerating with Digital continues to position Kroger for long-term sustainable growth.
8 min read
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  1. Channel: Grocery

Kroger, Albertsons may sell off stores to C&S Wholesale Grocers in anticipation of merger deal

Acquisition could happen in the coming days as part of plan to divest stores. Kroger and Albertsons could be close to selling an undisclosed number to C&S Wholesale Grocers, as a means towards cinching regulatory approval for the two companies’  $24.6 billion merger deal, according to reporting by Bloomberg.  It has been speculated that both Kroger and […]
2 min read
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  1. Channel: Grocery

Aldi to buy 400 stores from Southeastern Grocers

BATAVIA, Ill. — Aldi today announced it has agreed to acquire Winn-Dixie and Harveys Supermarket locations from Southeastern Grocers, as the Jacksonville, Fla.-based retailer continues to divest supermarket assets. The deal includes some 400 Winn-Dixie and Harveys Supermarket outlets across Alabama, Florida, Georgia, Louisiana and Mississippi, Aldi said in a statement announcing the definitive agreement […]
2 min read
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  1. Channel: Grocery

Aldi Adds 400 Stores with Acquisition of Harveys Supermarket, Winn-Dixie

Southeastern Grocers (SEG) has initiated a strategic divestiture of its business, with Aldi set to acquire all SEG grocery operations under the Winn-Dixie and Harveys Supermarket banners and investment group Fresco Retail Group set to take over the Fresco y Más banner. Under the proposed merger agreement, Aldi will acquire all outstanding SEG capital stock, […]
2 min read
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  1. Corporate Strategy

Wolverine Worldwide fires CEO as company reports weak Q2

​[[“value”:” This audio is auto-generated. Please let us know if you have feedback. Wolverine Worldwide said Thursday that it has terminated CEO Brendan Hoffman and named Christopher Hufnagel president and CEO. Hufnagel joined the company in 2008, has served as president since May and previously held multiple leadership roles at Wolverine. Hufnagel joined Wolverine in 2008 “and […]
3 min read
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  1. Channel: Grocery

Kroger, Albertsons CEOs tout merger together in new video

In a new video shot inside a King Soopers store, the CEOs of Kroger and Albertsons discussed benefits they say their companies’ pending merger will bring to consumers, employees, farmers, and communities. “The combination of Kroger and Albertsons is about creating more opportunities — more opportunities for our customers to find the food that they […]
3 min read
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  1. Channel: Grocery

Kroger, Albertsons Lining Up Suitors For Stores That May be Divested

Axios reports that “Kroger and Albertsons are confident they will have strong strategic grocery buyers for the assets they divest as part of their merger, a source familiar with the deal says.” According to the story, “Local markets where Kroger and Albertsons have the largest presence are where we will most likely see divestitures, sources […]
3 min read
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  1. Acquisitions, Divestitures & Mergers

Department of Clarification

Yesterday, when writing about an analysis by the International Center for Law & Economics (ICLE) of why the Federal Trade Commission (FTC) might run into problems if it decides to fight the proposed $24.6 billion acquisition of Albertsons by Kroger, I may have tripped over my own paraphrase. Here’s what I wrote: “The article also […]
2 min read
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  1. Channel: Grocery

Worth Reading: FTC On A Collision Course With Kroger & Albertsons

The International Center for Law & Economics recently posted a story entitled “Five Problems with a Potential FTC Challenge to the Kroger/Albertsons Merger,” in which the authors took a critical look at expected objections that the Federal Trade Commission might raise to the proposed $24.6 billion deal. The piece concedes the FTC’s “increasingly aggressive enforcement […]
2 min read
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NRF Retracts Claim that Organized Retail Crime Accounted for ‘Nearly Half’ of Retail Shrink

The National Retail Federation (NRF) has updated a report that had attributed “nearly half” of 2021’s $94.5 billion in retail shrink to organized retail crime, saying the data point was part of two-year-old testimony to a U.S. Senate committee by Ben Dugan, former President of the Organized Retail Crime Resource Center. The NRF report was […]
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