Deals
Kroger, Albertsons Unveil Stores to Be Divested Ahead of Trial
- Companies await a trial in August that will decide the outcome
- Grocers have started notifying workers at affected locations
Together, Kroger and Albertsons currently have nearly 5,000 stores across the country.
Photographer: Jeffrey Dean/BloombergKroger Co. released the full list of stores, distribution centers and plants it plans to divest to secure regulatory approval for the proposed merger with Albertsons Cos.
The companies have started notifying staff at affected locations, Chief Executive Officer Rodney McMullen wrote in a memo to employees on Tuesday. Impacted workers will become employees of C&S Wholesale Grocers after the transaction closes, McMullen wrote, and will remain as Kroger and Albertsons staff until then. C&S has committed to transferring pay and health plans and assuming all collective bargaining agreements, he added.