Kroger, Albertsons to Divest 413 Stores and Three Grocery Banners for $1.9B
The Kroger Co. and Albertsons Companies said Friday they will sell select stores, banners, distribution centers, offices and private label brands to C&S Wholesale Grocers in connection with their proposed merger. The sale price was reported as $1.9 billion for the divestiture, which includes the QFC, Mariano’s and Carrs brands.
In all, Keene, NH-based C&S Wholesale will acquire 413 stores, eight distribution centers and two offices, along with the aforementioned brands and exclusive licensing rights to the Albertsons brand name in Arizona, California, Colorado and Wyoming. It’s not clear how many stores C&S will acquire with the banners it’s purchasing.
“This is another exciting opportunity for C&S to expand into the retail market, which is an important component of our long-term growth,” said Eric Winn, C&S’ current COO and designated CEO, effective Oct. 2.
Kroger and Albertsons said the divestiture ensures no stores will close due to the merger.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).