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Albertsons Companies, Inc. [1] [2] is an American grocery company founded and headquartered in Boise, Idaho. With 2,253 stores as of the third quarter of fiscal year 2020 and 270,000 employees as of fiscal year 2019, [3] [8] [6] the company is the second-largest supermarket chain in North America after Kroger.
Grocery chain Albertsons called off its $25 billion merger with Kroger Wednesday, a day after a federal judge blocked the deal. The merger, announced in 2022, sought to combine the fifth and tenth ...
Albertsons on Wednesday called off its $24.6 billion merger with Kroger, a day after a judge temporarily blocked the union, and sued the rival grocery chain for breach of contract.
Kroger called Albertsons' claims "baseless" and cited its would-be spouse's "repeated intentional material breaches and interference throughout the merger process, which we will prove in court."
Albertsons bought 33 former Haggen stores for $14.3 million at a bankruptcy auction in November, many for the nominal price of $1 since they came with liabilities as part of their sale. [7] The failure of the spin-off of stores to Haggen has been seen as a particular concern for the proposed Albertsons–Kroger merger. [8]
The brand had 150 stores at its peak, predominantly on the West Coast. Anchor Blue declared bankruptcy in 2009 and shuttered more than 50 stores, and gradually shrank to include stores solely in California. It went bankrupt once more in 2011, with the remaining stores closed before Easter of that year. [48]
In August 1998, Albertsons announced that they were acquiring American Stores, the parent of Lucky Stores, for $11.7 billion. [46] The merger was completed in June 1999 after the companies presented plans to sell off 145 stores, some bearing the Lucky name, to avoid have the merger being blocked by the U.S. Justice Department. [ 47 ]
Albertsons and Kroger said in September 2023 that they would sell 413 stores from both companies across 17 states and the District of Columbia to C&S under a sales agreement disclosed by the ...