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The FTC ordered the divestiture of 168 of the 2,400 stores the merged company would own, mostly in the West. More than 140 were acquired by Haggen Holdings, an 18-store chain in the Pacific Northwest.
Read more:Kroger-Albertsons mega-merger would cause grocery price hikes, FTC says in suit to block deal Albertsons Cos. operates 589 Albertsons, Safeway and Vons stores in California. The company ...
Cerberus' plans to merge the chains resulted in store closures, since both Vons and Albertsons had (and still have) a significant presence in Southern California; [14] in late 2014, the FTC mandated that the new Albertsons/Safeway merger sell off almost 200 stores to allow for sufficient competition in markets where both Safeway and Albertsons ...
Albertsons, which owns Vons, and Kroger, which owns Ralphs, are pursuing a merger that would combine the two largest grocery store chains in the U.S. (Jason Armond / Los Angeles Times)
This merger would have created one of the largest grocery store chains in the US, combining nearly 5,000 stores and employing approximately 700,000 people. [2] In February 2024, the Federal Trade Commison (FTC) filed a lawsuit to block the merger stating the deal would raise prices, lower quality, limit choices for consumers, and harm workers. [3]
Shopping Bag Food Stores – Southern California chain that was founded in 1930 and later acquired by Vons and then Fazio's before it was rebranded and later sold to Albertsons in 1978; Skaggs-Alpha Beta; Sunflower Market – SuperValu-owned natural foods market; closed in 2008; never affiliated with the southwestern US chain of the same name
If the merger were completed, Kroger and Albertsons would operate more than 5,000 stores and about 4,000 retail pharmacies and employ nearly 700,000 workers across 48 states, according to the FTC.
On September 9, 2013, United Supermarkets LLC was sold to Albertsons LLC. [6] On February 4, 2014, the FTC voted 4–0 to approve the deal. The acquisition deal cost Albertsons $385 million and required Albertsons to sell its single stores in the Amarillo and Wichita Falls, Texas, markets. [7]
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