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Investor Group Buys Back Southeastern Grocers Banners from Aldi

Retail TouchPoints

A consortium of private investors led by the current CEO and President of Southeastern Grocers Inc. along with C&S Wholesale Grocers , has acquired Southeastern Grocers and its Winn-Dixie and Harveys Supermarket banners. Financial terms of the current deal were not disclosed.

Grocer 191
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Kroger Countersuit Blames Albertsons for Merger’s Failure

Retail TouchPoints

The suit also accused the retailer of engaging in a secret and misguided campaign, together with C&S Wholesale Grocers , the divestiture buyer, to purse its own regulatory strategy, which ultimately undermined Krogers efforts, according to a Kroger company statement. The merger had originally been announced in October 2022.

Grocer 147
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Save A Lot Completes Transition to Wholesaler with Sale of 18 Stores

Retail TouchPoints

“As we’ve made a strategic shift to become a licensed wholesaler, it’s clear that our long-term growth momentum must be rooted in the success of our strong network of retail partners,” said Leon Bergmann, CEO of Save A Lot in a statement. Save A Lot operates more than 800 stores in 32 states.

Wholesale 245
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Kroger, Albertsons Delay Merger Timeline to August as They Negotiate with Regulators

Retail TouchPoints

In an effort to speed up the merger, which would create a 4,500 -store entity,Kroger and Albertsons announced plans in September 2023 to sell 400+ stores, eight DCs and five private label brands to C&S Wholesale Grocers. Top execs from both companies defended the merger in testimony to a U.S.

Grocer 264
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Kroger and Albertsons to Sell 400+ Stores, 8 DCs to Speed Planned Merger

Retail TouchPoints

Kroger and Albertsons will sell 413 stores across 17 states and the District of Columbia, along with eight distribution centers, two offices and five private label brands, to C&S Wholesale Grocers for approximately $1.9 billion in cash.

Planning 277
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To Make Merger More Palatable, Kroger and Albertsons Boost Store Divestment Count

Retail TouchPoints

billion merger, Kroger and Albertsons have increased the number of supermarkets they plan to divest by 166 , for a total of 579 stores. The retailers also have increased the corporate and office infrastructure they would sell to C&S Wholesale Grocers , as well as additional private label product lines, for a total of approximately $2.9

Grocer 255
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FTC Seeks to Block $24.6 Billion Kroger-Albertsons Merger

Retail TouchPoints

Essential grocery store workers would also suffer under this deal, facing the threat of their wages dwindling, benefits diminishing and their working conditions deteriorating.” billion , but the FTC has criticized the divestment as inadequate.

Grocer 262