Sunday, November 17, 2024
Read the Magazine Subscribe

Kroger

Newsretailers

Kroger to Acquire Albertsons in $24.6 Billion Merger of Grocery Giants

by Katie Lee

Cincinnati and Boise, Idaho — Kroger Co. and Albertsons Cos. Inc. have agreed to a merger under which Kroger will acquire all outstanding shares of Albertsons’ common and preferred stock for an estimated total consideration of $34.10 per share, or a total enterprise value of approximately $24.6 billion. The deal includes the assumption of $4.7 billion of Albertsons’ net debt. Both companies’ boards of directors unanimously approved the agreement. The exact motivation for the merger was not stated in the press release, but The Wall Street Journal notes that by …

Continue Reading
0 FacebookTwitterPinterestEmail
green newsNewsretailers

Kroger Expands Reusable Packaging Offering Through Loop Partnership

by Katie Lee

Cleveland, Ohio — Kroger has launched an assortment of reusable products in select U.S. stores via its partnership with circular packaging firm Loop. Spanning Kroger’s private label brands as well as other major food and household brands, the move marks an important expansion in the grocery retailer’s larger sustainability efforts: Developed by circular reuse platform TerraCycle, Loop recovers and sanitizes reusable packaging for recirculation with new products. Subscribers pay a deposit ranging from 15 cents for a glass beverage bottle to $10 for a stainless steel container of disinfecting wipes. …

Continue Reading
0 FacebookTwitterPinterestEmail
Newsrestaurants

Kitchen United Opens Third New York City Location

by Katie Lee

Pasadena, Calif. — Kitchen United, the ghost kitchen industry leader with a proprietary tech platform and multi-concept ordering, has opened its newest location at 307 W. 38th St. in Manhattan. The opening marks the company’s third New York City and East Coast location, and it follows the recent news that the company has acquired software and ghost kitchen developer, Zuul. The acquisition saw Zuul’s existing locations in the Soho and Hudson Yards neighborhoods rebranded as a Kitchen United MIX kitchen center last month. The newest ghost kitchen center for the …

Continue Reading
0 FacebookTwitterPinterestEmail
Newsretailers

Kroger, Ocado Plan 5 New Customer Fulfillment Centers Around the Country

by Katie Lee

Cincinnati — The Kroger Co., the largest grocery store chain in the country, has announced five new customer fulfillment centers (CFCs) that the company will operate along with UK-based delivery logistics partner Ocado Group. The new Kroger Delivery facilities include a distribution center in the Northeast, as well as two centers in Southern California and a pair of facilities in South Florida. The vertically integrated CFCs will utilize machine learning and robotics and serve both Kroger customers and regional stores. The locations, size and construction timelines for these fulfillment centers …

Continue Reading
0 FacebookTwitterPinterestEmail
Newer Posts
Older Posts