The Latest Breaking News from Albertsons

Albertsons has announced plans to cut $1.5 billion in spending over the next three years

Traditional supermarkets like Kroger must compete with mass merchandise and warehouse club channels, says a Morningstar analyst.

Two-week strike begins as union for King Soopers alleges surveillance of workers and pushes to gut health benefits

Albertsons Companies (ACI) is one of the largest food and drug retailers, and amid the dynamic market and evolving consumer needs, ACI’s strong market position, outstanding financials, product portfolio expansion, and innovations position it for unprecedented growth. So, let’s analyze whether it would be wise to invest in this stock.…

Albertsons has accused Kroger of sabotaging their $25 billion deal

The Federal Trade Commission's antitrust action does not benefit grocery shoppers.

Albertsons announced on Dec. 11, 2024, that it had called off an attempted merger with Kroger and would sue Kroger for breach of contract. The US$25 billion deal, first announced in 2022, would have combined Cincinnati-based Kroger, already the largest traditional U.S. supermarket chain, with Boise, Idaho-based Albertsons, which is…

A proposed $25 billion supermarket mega-merger disintegrated Wednesday in bitter recriminations between Albertsons and would-be suitor Kroger following US court rulings blocking the deal.

Albertsons is giving up on its merger with Kroger a day after it was rejected in two courts and it is suing the grocery chain, saying it didn’t do enough to secure regulatory approval of the $24.6 billion agreement

A federal judge blocked Kroger's £19.58B merger with Albertsons. The judge ruled the deal would harm consumers by reducing competition.

Two US courts ruled against supermarket giant Kroger's planned $24.6 billion acquisition of rival chain Albertsons on Tuesday, dealing an existential threat to the merger in a win for the Federal Trade Commission, which had argued the deal would harm consumers.