Divestitures

Articles on divestitures and sell offs in the retail industry.

  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
  1. Channel: Grocery

Your Views:  How Amazon Could End

The other day we took note of a piece in The Atlantic about how an “open embrace” of cheap products from around the world, more often than not sold by third-party merchants via its Marketplace has done two things – it has given shoppers access to an endless supply of merchandise, but also has transformed […]
7 min read
0
  1. Channel: Grocery

Guest Column:  Why C&S Wholesale Grocers Is Nothing Like Haggen

by Scott Moses Content Guy’s Note: Scott Moses, Managing Director and Head of Grocery, Pharmacy & Restaurants at Solomon Partners, yesterday posted a column on his website addressing the concerns that allowing the Kroger acquisition of Albertsons would repeat the mistake made by the FTC when it allowed Albertsons to acquire Safeway in 2015, divesting stores to […]
3 min read
0
  1. Channel: Grocery

Lawmakers Ask FTC To Block Kroger-Albertsons Deal

A group of Democratic Senators and Representatives has called on the Federal Trade Commission (FTC) to block the proposed $24.6 billion acquisition of Albertsons by Kroger, saying in a letter that the “merger will harm consumers, workers, farmers, and other food suppliers across the country.” The letter to FTC Chair Lina Khan says that the […]
2 min read
0
  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
0
  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
0
  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
0
  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
0
  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
0
  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
0
  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
0
  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
0
  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
0
  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
0
  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
0
  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
0
  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
0
  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
0
Note: Requires ChatGPT Plus
Advertisement

Trending Topics

Editor’s Choice

  1. Channel: Ecommerce & Digital
  2. Channel: Grocery - Natural
  3. Department: Nonfood
  4. Corporate Finance
  5. Media & Marketing
  6. Retailer Media
  7. Data & Insights
  8. International
  9. Technology & Innovation
  10. Stores & Formats

Amazon tops expectations for revenue, earnings

SEATTLE – Amazon posted better-than-expected revenue and earnings in the quarter ended March 31. Net sales increased 13% from a year earlier to $143.3 billion. The company reported first-quarter net income of $10.4 billion, or 98 cents a diluted share, compared to $3.2 billion a year earlier. Amazon’s operating income surged to $15.3 billion, up […]
Written by
  1. Trends & External Forces
  2. Department & Category
  3. Department: Food
  4. Department: HBC
  5. Corporate Strategy
  6. ESG
  7. Technology & Innovation
  8. Trends & External Forces
  9. Associates & Employees
  10. Stores & Formats

Walmart to close all 51 health centers

BENTONVILLE, Ark. — Walmart today said it has made the “difficult decision” to close its Walmart Health and Walmart Virtual Care clinics, citing a lack of profitability. “The decision to close all 51 health centers across five states and shut down the virtual care offering was not easy. We understand this change affects lives – […]
Written by

Trending

Advertisement