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Supermarket giant Kroger Co. announced plans to offload more than 60 supermarkets in California as part of its planned merger with Albertsons.
Albertsons owns the well-known brands Pavilions, Safeway and Vons. Kroger operates Ralphs, Food4Less, Fred Meyer, Fry’s, Quality Food Centers and other popular grocery stores.
On Wednesday, Albertsons announced it had called off the merger and was suing its former suitor for flubbing it. Kroger called the lawsuit “ baseless ” and hours later announced a massive $7.5 ...
By 1958, it had doubled in size to 27 stores, the third-largest grocery chain in the Greater Los Angeles Area [4] In 1960 it acquired the sixth-largest, competitor Shopping Bag, a merger that was challenged by the Federal Trade Commission on antitrust grounds. In 1966 the United States Supreme Court ruled against Von's in United States v
Albertsons said the result was a failed deal that cost its shareholders big time: "Albertsons is seeking billions of dollars in damages from Kroger to make Albertsons and its shareholders whole ...
Pavilions is a grocery store banner used by Vons, a supermarket division of Albertsons in Southern California. Although similar to Vons stores, Pavilions markets are more upscale and feature a larger selection of organic food, wine, and other specialty foods. A location in Anaheim Hills in March, 2010 (Store #2216). This was converted into a ...
By September 2015, Haggen had filed for bankruptcy, fired the executive in charge of the California expansion, and sold some of the newly opened stores back to Albertsons for a fraction of the cost.
By Jody Godoy (Reuters) -A U.S. judge blocked the pending $25-billion merger of U.S. grocery chains Kroger and Albertsons on Tuesday, in a win for the Federal Trade Commission that Kroger has said ...