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.

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.

The grocery giant announced new share purchases a day after judged blocked $24.6 billion acquisition. Kroger stock hit a high.

A federal judge has temporarily halted a proposed merger between supermarket giants Kroger and Albertsons, an action that could scuttle the deal