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 …
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 …
Cincinnati — The Kroger Co. will phase out single-use plastic bags and transition to reusable bags across its family of stores by 2025. Seattle-based QFC will be the company’s first retail division to phase out single-use plastic bags. The company expects QFC’s transition to be completed in 2019.
Cincinnati — The Kroger Co. has promoted Ken DeLuca to president of the Michigan division, effective August 1, 2018. DeLuca, currently vice president of operations for the Dillons division, succeeds Scott Hays who was promoted to president of the Cincinnati/Dayton division earlier this month.
Cincinnati — Katie Wolfram, president of the Central division of The Kroger Co., will retire on November 4, 2017 after 38 years of service. Pam Matthews, currently the QFC division president, has been promoted to succeed her. Suzy Monford will join the company to serve as president of the QFC division.
Cincinnati — The Kroger Co. has announced the retirement of Michigan division President Jayne Homco, and the promotion of Scott Hays to succeed her. Hays currently serves as vice president of operations for the company’s Fry’s division.
Cincinnati — On June 21, 2017, Paul Bowen will retire from The Kroger Co., where he served as president of the Jay C and Ruler division. His successor will be named at a later date. Bowen spent 46 years with the company.
Cincinnati — The Kroger Co. has announced the retirement of Sukanya Madlinger, senior vice president of retail divisions, and the promotion of Calvin Kaufman to succeed her. Kaufman currently serves as president of Kroger’s Louisville, Ky., division. Kroger has also promoted Ann Reed to serve as president of Kroger’s Louisville division.
Cincinnati — The Kroger Co. has a succession plan for its group vice president and chief digital officer. Kevin Dougherty, group vice president and chief digital officer, will retire on Jan. 27, 2017. Yael Cosset, chief commercial officer and chief information officer of 84.51°, will succeed Dougherty effective upon his retirement.
Cincinnati — The Kroger Co. has announced the retirement of Roundy’s CEO Bob Mariano, effective September 1, after which he will serve as strategic adviser to Kroger and Roundy’s for 2 years.