Kroger announces plan to buy new chain after failed Albertsons acquisition

Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleGrocery store giant Kroger announced its acquisition of competitor Giant Eagle for $1.65 billion. Giant Eagle, founded in 1931, operates 197 supermarkets and 11 standalone pharmacies across Ohio, Pennsylvania, West Virginia, Maryland, and Indiana. Kroger's CEO, Greg Foran, stated the acquisition will expand their reach into attractive adjacent markets and leverage Giant Eagle's strong reputation for fresh products and customer loyalty. Both companies anticipate divesting a limited number of Giant Eagle stores to obtain the necessary regulatory clearance for the transaction. Kroger's board of directors has approved the deal, which is expected to close in 2027, following Kroger's failed $25 billion merger plan with Albertsons in 2024. In fullKroger to buy Giant Eagle in $1.65 billion dealThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

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