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Kroger and Albertsons Pause Merger

Kroger and Albertsons Pause Merger

by Phil Hall | Jul 26, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The Kroger Co. (NYSE: KR) and Albertsons Companies Inc. (NYSE: ACI) are pausing their proposed $24.6 billion merger as federal and state lawsuits seek to block their union. The Wall Street Journal reports the supermarket giants agreed to a temporary injunction in a...
Stop & Shop Plans Supermarket Closings

Stop & Shop Plans Supermarket Closings

by Phil Hall | May 29, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The retail holding company Ahold Delhaize USA is planning to close an unspecified number of its Stop & Shop supermarkets. Supermarket News reported that CEO JJ Fleeman made the announcement during a recent investor strategy meeting. Fleeman did not say how many...
Foxtrot and Dom’s Kitchen Abruptly Shut Down 35 Grocery Stores

Foxtrot and Dom’s Kitchen Abruptly Shut Down 35 Grocery Stores

by Phil Hall | Apr 24, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Roughly five months after the upscale grocery chains Foxtrot Market and Dom’s Kitchen & Market merged in an all-stock deal to become Outfox Hospitality, the combined entity announced the immediate closure of all 35 of its stores. The impacted location includes 33...
Kroger and Albertsons Pause Merger

Kroger and Albertsons Propose Selling 166 More Stores to Gain Merger

by Phil Hall | Apr 23, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The Kroger Co. (NYSE: KR) and Albertsons Companies Inc. (NYSE: ACI) plan to divest an additional 166 supermarkets to gain regulatory approval of their proposed $24.6 billion merger. The Kroger-Albertsons transaction was announced last October, but in February a...
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