Divestitures

Articles on divestitures and sell offs in the retail industry.

  1. Corporate Strategy

First Quality promotes Allen Bodford

GREAT NECK, N.Y. — First Quality announced it has named Allen Bodford as president of its Absorbent Hygiene division, effective immediately.  The division produces adult incontinence products, baby diapers, training and youth pants, period pads and baby wipes for health care and retail channels. The division’s operations include four manufacturing locations across the United States […]
< 1 min read
0
  1. Channel: Grocery

Kroger to Sell Specialty Pharmacy Business Amid Merger Discussions

As it faces regulatory scrutiny over its potential merger with Albertsons, grocery chain Kroger has decided to sell off its specialty pharmacy business to CarelonRx, a subsidiary of Elevance Health. In a press release Monday, Kroger said the sale is expected to close in the second half of the year. “As part of our regular […]
< 1 min read
0
  1. Channel: Grocery

Kroger, Albertsons Fire Back At FTC

Kroger and Albertsons have argued in separate legal filings that the federal Trade Commission (FTC) is misguided and flat-out wrong in opposing their $24.6 billion merger. Both retailers contend that the FTC, in suggesting that the deal would give the combined companies an unfair competitive advantage, ignores the fact that they would also be competing […]
2 min read
0
  1. Merchandising

Maximizing Your Trade Show Success: A Post-Exhibition Game Plan for CPG Brands

Expo West begins today, and for the next few days many brands will experience a whirlwind of networking, handing out samples, schmoozing at after-hours events, and starting potential business deals. Once it all wraps up, though, now what? Well, then it’s time to turn that momentum into tangible success. You’ve invested time, money, and energy […]
4 min read
0
  1. Channel: Grocery

Kroger/Albertsons vs. FTC Court Case Scheduled For Late August

Mark your calendars.  Set your alarm.  August 26, 2024, has been set foe the beginning of the trial that will determine whether the Federal Trade Commission (FTC) will be able to block Kroger’s $24.6 acquisition of Albertsons. The trial will take place in the Us District Court in Portland, Oregon, and is expected to last […]
2 min read
0
  1. Acquisitions, Divestitures & Mergers

Beyond Acquires Zulily, Plans to Revive Brand in Q2

Beyond, Inc. — parent company of Bed Bath & Beyond and Overstock.com — has acquired the intellectual property of defunct flash-sale retailer Zulily, following that platform’s abrupt wind-down of its business in late 2023. Newly appointed Beyond, Inc. Executive Chairman Marcus Lemonis said the acquisition is aimed at strengthening Beyond’s position in the off-price market. Beyond paid $4.5 million in […]
3 min read
0
  1. Trends & External Forces

Kroger Reports Fourth Quarter and Full-Year 2023 Results, Announces Guidance for 2024

Comments from Chairman and CEO Rodney McMullen. "Kroger achieved strong 2023 results, in line with our long-term growth model and built upon three consecutive years of historic growth.
9 min read
0
  1. Trends & External Forces

Rite Aid to divest most Health Dialog assets

PHILADELPHIA — Rite Aid Corp. today announced that it has entered into an asset purchase agreement (APA) for the partial sale of its Health Dialog business to Carenet Health (Carenet), a provider of healthcare engagement, clinical support, telehealth and advocacy solutions. Health Dialog provides personalized population health solutions to improve the health of members while […]
2 min read
0
  1. Corporate Strategy

Former Eckerd CEO Stew Turley dies at 89

TAMPA — Stew Turley, who guided the evolution of Eckerd Corp. for three decades, died last week at his home in Florida after a battle with lymphoma. He was 89. During the course of his tenure at the retailer, which began in 1966 when he was named manager of non-drug operations, Eckerd grew to 2,778 […]
2 min read
0
  1. Channel: Grocery

FTC sues to block Kroger-Albertsons merger

WASHINGTON — The Federal Trade Commission has filed a lawsuit to block Kroger’s proposed $25 billion merger with Albertsons Cos., contending that consumers will see higher prices and workers will see lower wages if the deal goes through. “This supermarket mega merger comes as American consumers have seen the cost of groceries rise steadily over […]
2 min read
0
  1. Channel: Grocery

Report:  FTC Ready To Block Kroger-Albertsons Deal

Bloomberg reports that “the US Federal Trade Commission and a group of states are poised to sue as soon as next week to block the tie-up between supermarket giants Kroger Co. and Albertsons Cos., according to people familiar with the plans. “The suit is expected before Feb. 28, when an agreement not to close the […]
2 min read
0
  1. Channel: Grocery

The Friday Checkout: Is C&S Wholesale Grocers fit to run assets Kroger, Albertsons want to divest?

The lawsuit brought by Colorado’s attorney general claims that the wholesaler and retailer doesn’t have the experience to run hundreds of stores and several more private brands.
< 1 min read
0
  1. Channel: Grocery

Colorado Sues To Block Kroger-Albertsons Deal

Colorado Attorney Journal Phil Weiser yesterday filed a lawsuit designed to block Kroger’s proposed $24.6 billion acquisition of Albertsons, saying the the deal would be anticompetitive. Axios reports that “Weiser has been leading a multi-state investigation since December 2022 and is the second state to sue following Washington … The announcement said the deal not […]
2 min read
0
  1. Department: Consumer Durables

Adidas Will Sell Remaining Yeezy Stock at Cost

Adidas will sell off its remaining Yeezy inventory at cost rather than write it off at a loss, the company announced alongside its preliminary results for 2023. The move isn’t entirely unexpected — in 2023, the company issued releases of Yeezy stock in May and July. Products in those two releases were sold at a […]
2 min read
0
  1. Channel: Drug

Rite Aid completes its sale of Elixir

PHILADELPHIA — Rite Aid Corporation has completed the previously announced sale of its Elixir Solutions business to MedImpact Healthcare Systems for approximately $575 million. “We are pleased to finalize the sale of Elixir, marking another important milestone in our transformation to strengthen our long-term financial position,” said Jeffrey Stein, Rite Aid’s CEO and chief restructuring […]
< 1 min read
0
  1. Operations & Supply Chain

Shuttered Zulily Taps Gordon Brothers to Handle Sale of Inventory and Fulfillment Center Assets

Zulily Group has engaged the advisory firm Gordon Brothers to sell off more than $85 million of inventory and the assets of its two fulfillment centers following the online retailer’s decision late last year to shut down. Screenshot of the Zulily website from December 2023 highlighting the going-out-of-business sale. News of the wind-down first broke […]
2 min read
0
  1. Channel: Grocery

SN Top 10: Aldi, Walmart, Rite Aid top the week's headlines

In this week’s recap of the Top 10 most popular Supermarket News articles, the top story Aldi acquisition of Southeastern Grocers moves forward with divestiture of Fresco y Más. Southeastern Grocers Inc. has completed its divestiture of Fresco y  
< 1 min read
0
  1. Channel: Grocery

SEG completes sale of Fresco y Más

JACKSONVILLE, Fla. — Southeastern Grocers  said it has completed the divestiture of its Fresco y Más operations via a sale of the banner to an investment group, which plans to maintain existing operations at the locations. SEG last year announced plans to sell the chain to Fresco Retail Group LLC as part of its ongoing […]
2 min read
0
  1. Channel: Grocery

Kroger pushes back timeline on merger closure

NEW YORK — Regulators with the Federal Trade Commission need more time to consider Kroger’s proposed acquisition of Albertsons Cos. and the related divestiture plan the retailers offered to allay antitrust concerns, according to court filings. Kroger revealed in court filings in a California lawsuit brought by consumers seeking to halt the merger that regulators […]
2 min read
0
  1. Technology & Innovation

The future of Bitcoin: what will 2024 bring?

In the world of cryptocurrencies, Bitcoin is king. Value. Popularity. Prestige. Whatever metric you use, Bitcoin rules the roost. It’s the most important crypto of them all, and it’s the one that everyone — from seasoned crypto connoisseurs to first-time investors — wants to know about. So, what are the big factors that could influence […]
4 min read
0
  1. Channel: Grocery

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

The planned $24.6 billion merger of supermarket giants Kroger and Albertsons has faced pushback from federal regulators, state Attorneys General and labor unions practically from the moment it was first announced in October 2022. Now the companies, while noting that they “remain in active and ongoing dialogue with the Federal Trade Commission and individual state […]
< 1 min read
0
  1. Channel: Grocery

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

The planned $24.6 billion merger of supermarket giants Kroger and Albertsons has faced pushback from federal regulators, state Attorneys General and labor unions practically from the moment it was first announced in October 2022. Now the companies, while noting that they “remain in active and ongoing dialogue with the Federal Trade Commission and individual state […]
< 1 min read
0
Note: Requires ChatGPT Plus
Advertisement

Trending Topics

Editor’s Choice

  1. ESG
  2. Data & Insights
  3. Operations & Supply Chain

Retailers Gain Control of Their Sustainability Goals as the ESG Storm Clouds Start to Gather Over Operations

Using event-driven architecture (EDA), retailers must link essential data at speed and scale throughout their ecosystems near and far to come to grips with now essential environmental, social and governance (ESG) reporting in three key areas. 1. Dead Heading — Optimizing Transportation/Emissions on Every Journey When it comes to transportation within the retail sector, any […]
Written by
  1. Technology & Innovation
  2. Channel: Dollar/Value
  3. Channel: Ecommerce & Digital
  4. Channel: Grocery
  5. Department: Food
  6. Corporate Strategy
  7. Media & Marketing
  8. Shopper & Customer
  9. Technology & Innovation
  10. Trends & External Forces
  11. Retail Operations
  12. Merchandising
  13. Stores & Formats

Why Amazon’s Just Walk Out initiative failed – and why it’s not the end of checkout free technology

It recently emerged that Amazon’s Just Walk Out offering is being dropped from Amazon Fresh stores. However, it’s not checkout-free tech that’s failing, it’s the fact that Amazon’s checkout free solution doesn’t work, especially in grocery retailers, argues Will Glaser, Founder and CEO at Grabango. In the dynamic grocery retail landscape, a transformative wave is […]
Written by

Trending

Advertisement