USA: Kroger to acquire Giant Eagle
Kroger, the US retail giant, has signed a definitive agreement to acquire regional competitor Giant Eagle, a US food and pharmacy retailer, in a transaction valued at $1.65 billion. According to a company statement, the transaction consists of $1.25 billion in cash consideration alongside the assumption of approximately $400 million in outstanding liabilities. The deal, […]
USA: MPearlRock acquires Nutpods brand
MPearlRock, a partnership between Kroger’s venture capital arm PearlRock Partners and MidOcean Partners, a private equity firm, has announced the acquisition of Nutpods, a plant-based creamer brand, for an undisclosed sum. Founded in 2013, Nutpods is described as the leading manufacturer and marketer of plant-based creamers in the US, with a presence in more than […]
USA: Kroger launches Hispanic-inspired Mercado brand
Kroger, the leading US grocery retailer, has announced the launch of Mercado, a Hispanic-inspired brand offering more than 50 products sold exclusively in the Kroger family of stores. The new lineup will include queso fresco, Oaxaca cheese balls, ready-to-cook flour tortillas, pre-cooked white corn meal, chorizo ground sausage, thin-sliced beef strip steak, aqua fresca and […]
USA: Kroger and Albertsons to divest over 400 stores following merger
Kroger and Albertsons have announced plans to divest 413 stores to retail supply firm C&S Wholesale Grocers in connection with the proposed merger of the two chains, which was announced last year. The deal involves stores operating under banners such as QFC, Mariano’s, and Carrs. Kroger will also sell private label brands like Debi Lilly […]
USA: Kroger and Albertsons announce merger
US retail chains Kroger and Albertsons, currently ranked No. 1 and No. 2 largest supermarket retailers in the country, have announced that the companies are to merge. According to a Kroger press release, the merger will expand customer reach and improve proximity to fresh and affordable food to around 85 million households. Under the terms […]
USA: Kroger announces opening of new fulfilment centre
Kroger, one of US’s largest grocery retailers, has announced that they are opening a new Customer Fulfilment Centre in Dallas, Texas, powered by the Uk’s Ocado group. According to sources, the centre will utilise automated robotics technology to improve customer experience. It is part of Kroger’s delivery network, with more than 1,000 bots traversing a […]
USA: Kroger partners with Impossible Foods to develop plant-based products
Kroger, the leading US grocery retailer, has announced a partnership with plant-based food developer Impossible Foods to expand Kroger’s meat-free offering under the private label Home Chef brand, according to a Food Business News report. The Home Chef brand, which Kroger acquired in 2018, is said to encompass more than 500 products including ready meals, […]
USA: Kroger sells stake in Lucky’s Market
Kroger, the leading US grocery retailer, has announced it has divested its stake in Lucky’s Market, a Colorado-based chain of food stores specializing in organic products. The disposal comes less than four years after the two firms announced a “strategic partnership”, with Kroger making a “meaningful investment” that was designed to increase Lucky’s Market’s store […]
USA: Kroger launches new plant-based line
Kroger, the leading supermarket chain, is the latest US firm to move into the imitation meat space with the launch of a new plant-based line under its Simple Truth banner. The product line is said to include fresh meatless burger patties and grinds as well as plant-based cookie dough, pasta sauces, sausages, deli slices, dips […]
USA: Kroger divests Turkey Hill
Kroger, the US supermarket chain, has announced it has divested its Turkey Hill division to an affiliate of investment fund Peak Rock Capital for an undisclosed sum. Turkey Hill produces iced teas, fruit drinks, milk, frozen dairy desserts and a variety of ice cream products at adedicated manufacturing and distribution facility. As part of the sale […]