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Kroger Acquires Giant Eagle, Multistate Food and Pharmacy Retailer, for $1.65 Billion

Kroger Acquires Giant Eagle, Multistate Food and Pharmacy Retailer, for $1.65 Billion

by Phil Hall | Jul 1, 2026 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The Kroger Co. (NYSE: KR) has announced its $1.65 billion acquisition of Giant Eagle Inc., a food and pharmacy retailer with approximately $9 billion in annual sales and 197 supermarkets and 11 standalone pharmacies across northern Ohio, western Pennsylvania, West...
Kroger Taps Walmart Executive as New CEO

Kroger Taps Walmart Executive as New CEO

by Phil Hall | Feb 9, 2026 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The Kroger Co. (NYSE: KR) announced the hiring of Greg Foran as CEO and a member of the board of directors. Foran replaces Ron Sargent, who served as interim CEO since March 2025 following the resignation of Rodney McMullen after an investigation determined he ran...
Kroger Acquires Giant Eagle, Multistate Food and Pharmacy Retailer, for $1.65 Billion

Kroger to Close 60 Stores Over the Next 18 Months

by Phil Hall | Jun 23, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The Kroger Co. (NYSE: KR) announced plans to close 60 underperforming stores over the next 18 months. Kroger operates 2,730 stores in 35 states and the District of Columbia under multiple brands. In a call with financial analysts after the release the...
Hits and Misses for the Real Estate Week of Dec. 9-13

Hits and Misses for the Real Estate Week of Dec. 9-13

by Phil Hall | Dec 13, 2024 | Commercial Real Estate News, Current News & Events, Hits and Misses, Market Snapshot, Real Estate News, U.S. Housing Market, WRE News Exclusive

A slippery definition of “reopening,” an unlikely grant and a merger’s messy failure. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Dec. 9-13. Miss: An Unsettled Settlement. The US Department of Justice (DOJ)...
Albertsons Ends Merger Deal and Sues Kroger

Albertsons Ends Merger Deal and Sues Kroger

by Phil Hall | Dec 11, 2024 | Commercial Real Estate News, Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

The proposed merger between the supermarket giants Albertsons Companies Inc. (NYSE: ACI) and The Kroger Co. (NYSE: KR) collapsed this morning as Albertsons terminated the merger agreement and filed a lawsuit against Kroger claiming a willful breach of contract and...
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