{"id":1004711387,"date":"2024-04-23T03:07:48","date_gmt":"2024-04-23T11:07:48","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004711387"},"modified":"2024-04-23T03:07:50","modified_gmt":"2024-04-23T11:07:50","slug":"kroger-albertsons-unveil-updated-2-9b-divestiture-plan","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/kroger-albertsons-unveil-updated-2-9b-divestiture-plan\/","title":{"rendered":"Kroger, Albertsons Unveil Updated $2.9B Divestiture Plan"},"content":{"rendered":"\n

In response to concerns raised by federal and state antitrust regulators, The Kroger Co. and Albertsons Cos. Inc. have amended their definitive agreement with C&S Wholesale Grocers LLC for the sale of assets in connection with their proposed merger.<\/p>\n\n\n

\n
\"Marketplace
Last fall, Sterling Organization acquired Marketplace at Buckhead, an Atlanta shopping center anchored by a Kroger grocery store. Image courtesy of Sterling Organization<\/em><\/figcaption><\/figure><\/div>\n\n\n

The merger was first announced in October 2022<\/a>, and the initial divestiture package (which this amended package modifies) was announced in September 2023<\/a>.<\/p>\n\n\n\n

Subject to customary closing conditions, including Federal Trade Commission approval, on completion of the Kroger-Albertsons merger, C&S will pay Kroger an all-cash consideration of approximately $2.9 billion, including customary adjustments.<\/p>\n\n\n\n

According to a joint statement by Kroger and Albertsons, the current divestiture package includes a modified and expanded store set and additional non-store assets to enable C&S to operate competitively following the completion of the merger. Moreover, the updated divestiture plan continues to ensure no stores will close and that all frontline associates will remain employed.<\/p>\n\n\n\n

\n\n\n\n

READ ALSO<\/strong>: What 99 Cents Only\u2019s Demise Means for CRE<\/a><\/p>\n\n\n\n

\n\n\n\n

The updated package boosts the total store count by 166 to encompass 579 stores that will be sold to C&S and maintains the sale to C&S of the QFC, Mariano\u2019s and Carrs banner names. In addition, Kroger will sell the Haggen banner to C&S.<\/p>\n\n\n\n

Once the transaction closes, stores under these banners that are retained by Kroger will be re-bannered into one of the retained Kroger or Albertsons Cos. banners.<\/p>\n\n\n\n

Following the merger, C&S will license the Albertsons banner in California and Wyoming and the Safeway banner in Arizona and Colorado. In these states, Kroger will re-banner the retained Albertsons and Safeway stores, while maintaining those two banners in the remaining states.<\/p>\n\n\n\n

Diving in<\/h2>\n\n\n\n

The following 579 stores (regardless of banner) will be sold by Kroger to C&S:<\/p>\n\n\n\n

    \n
  • Washington: 124 Albertsons Cos. and Kroger stores<\/li>\n\n\n\n
  • California: 63 Albertsons Cos. stores<\/li>\n\n\n\n
  • Colorado: 91 Albertsons Cos. stores<\/li>\n\n\n\n
  • Oregon: 62 Albertsons Cos. and Kroger stores<\/li>\n\n\n\n
  • Texas\/Louisiana: 30 Albertsons Cos. stores<\/li>\n\n\n\n
  • Arizona: 101 Albertsons Cos. stores<\/li>\n\n\n\n
  • Nevada: 16 Albertsons Cos. stores<\/li>\n\n\n\n
  • Illinois: 35 Albertsons Cos. and Kroger stores<\/li>\n\n\n\n
  • Alaska: 18 Albertsons Cos. stores<\/li>\n\n\n\n
  • Idaho: 10 Albertsons Cos. stores<\/li>\n\n\n\n
  • New Mexico: 9 Albertsons Cos. stores<\/li>\n\n\n\n
  • Montana\/Utah\/Wyoming: 11 Albertsons Cos. stores<\/li>\n\n\n\n
  • District of Columbia\/Maryland\/Virginia\/Delaware: 9 Harris Teeter stores<\/li>\n<\/ul>\n\n\n\n

    All fuel centers and pharmacies associated with the divested stores will remain with the stores and continue to operate.<\/p>\n\n\n\n

    In connection with these additional stores being conveyed to C&S, the current divestiture package includes increased distribution capacity, the addition of one dairy facility and an expanded corporate and office infrastructure.<\/p>\n","protected":false},"excerpt":{"rendered":"

    C&S Wholesale Grocers will now receive more than 150 additional stores, as well as other real estate assets. <\/p>\n","protected":false},"author":882,"featured_media":1004685185,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21783,23891,21742,21749],"tags":[36715,35626],"class_list":["post-1004711387","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-investment","category-national","category-latest","category-retail","tag-albertsons-companies-inc","tag-kroger-company"],"acf":[],"yoast_head":"\nKroger, Albertsons Unveil Updated $2.9B Divestiture Plan - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"The Kroger Co. and Albertsons Cos. amended their agreement with C&S Wholesale Grocers for the sale of assets in connection with their merger.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/kroger-albertsons-unveil-updated-2-9b-divestiture-plan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kroger, Albertsons Unveil Updated $2.9B Divestiture Plan\" \/>\n<meta property=\"og:description\" content=\"The Kroger Co. and Albertsons Cos. amended their agreement with C&S Wholesale Grocers for the sale of assets in connection with their merger.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/kroger-albertsons-unveil-updated-2-9b-divestiture-plan\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-23T11:07:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-23T11:07:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/10\/Marketplace-at-Buckhead.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"776\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/kroger-albertsons-unveil-updated-2-9b-divestiture-plan\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/kroger-albertsons-unveil-updated-2-9b-divestiture-plan\/\",\"name\":\"Kroger, Albertsons Unveil Updated $2.9B Divestiture Plan - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/kroger-albertsons-unveil-updated-2-9b-divestiture-plan\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/kroger-albertsons-unveil-updated-2-9b-divestiture-plan\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/10\/Marketplace-at-Buckhead.jpg\",\"datePublished\":\"2024-04-23T11:07:48+00:00\",\"dateModified\":\"2024-04-23T11:07:50+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\"},\"description\":\"The Kroger Co. and Albertsons Cos. amended their agreement with C&S Wholesale Grocers for the sale of assets in connection with their merger.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/kroger-albertsons-unveil-updated-2-9b-divestiture-plan\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/kroger-albertsons-unveil-updated-2-9b-divestiture-plan\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/kroger-albertsons-unveil-updated-2-9b-divestiture-plan\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/10\/Marketplace-at-Buckhead.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/10\/Marketplace-at-Buckhead.jpg\",\"width\":776,\"height\":600,\"caption\":\"Marketplace at Buckhead is anchored by Kroger. Image courtesy of Sterling Organization\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/kroger-albertsons-unveil-updated-2-9b-divestiture-plan\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Kroger, Albertsons Unveil Updated $2.9B Divestiture Plan\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\",\"name\":\"Scott Baltic\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96\",\"caption\":\"Scott Baltic\"},\"description\":\"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Kroger, Albertsons Unveil Updated $2.9B Divestiture Plan - Commercial Property Executive","description":"The Kroger Co. and Albertsons Cos. amended their agreement with C&S Wholesale Grocers for the sale of assets in connection with their merger.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/kroger-albertsons-unveil-updated-2-9b-divestiture-plan\/","og_locale":"en_US","og_type":"article","og_title":"Kroger, Albertsons Unveil Updated $2.9B Divestiture Plan","og_description":"The Kroger Co. and Albertsons Cos. amended their agreement with C&S Wholesale Grocers for the sale of assets in connection with their merger.","og_url":"https:\/\/www.commercialsearch.com\/news\/kroger-albertsons-unveil-updated-2-9b-divestiture-plan\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2024-04-23T11:07:48+00:00","article_modified_time":"2024-04-23T11:07:50+00:00","og_image":[{"width":776,"height":600,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/10\/Marketplace-at-Buckhead.jpg","type":"image\/jpeg"}],"author":"Scott Baltic","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/kroger-albertsons-unveil-updated-2-9b-divestiture-plan\/","url":"https:\/\/www.commercialsearch.com\/news\/kroger-albertsons-unveil-updated-2-9b-divestiture-plan\/","name":"Kroger, Albertsons Unveil Updated $2.9B Divestiture Plan - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/kroger-albertsons-unveil-updated-2-9b-divestiture-plan\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/kroger-albertsons-unveil-updated-2-9b-divestiture-plan\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/10\/Marketplace-at-Buckhead.jpg","datePublished":"2024-04-23T11:07:48+00:00","dateModified":"2024-04-23T11:07:50+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555"},"description":"The Kroger Co. and Albertsons Cos. amended their agreement with C&S Wholesale Grocers for the sale of assets in connection with their merger.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/kroger-albertsons-unveil-updated-2-9b-divestiture-plan\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/kroger-albertsons-unveil-updated-2-9b-divestiture-plan\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/kroger-albertsons-unveil-updated-2-9b-divestiture-plan\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/10\/Marketplace-at-Buckhead.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/10\/Marketplace-at-Buckhead.jpg","width":776,"height":600,"caption":"Marketplace at Buckhead is anchored by Kroger. Image courtesy of Sterling Organization"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/kroger-albertsons-unveil-updated-2-9b-divestiture-plan\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Kroger, Albertsons Unveil Updated $2.9B Divestiture Plan"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555","name":"Scott Baltic","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","caption":"Scott Baltic"},"description":"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.","url":"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/10\/Marketplace-at-Buckhead.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004711387","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/882"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004711387"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004711387\/revisions"}],"predecessor-version":[{"id":1004711392,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004711387\/revisions\/1004711392"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004685185"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004711387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004711387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004711387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}