Kroger × Albertsons Acquisition

In October 2022, Kroger announced its plans to acquire Albertsons in a $24.6 billion deal. The merger was expected to close in the first half of Krogers 2024 fiscal year, but regulatory issues have caused delays. The deal was set to become grocerys largest to-date and would combine two of the countrys largest supermarket chains to create a conglomerate that would generate $209B in annual revenue across nearly 5,000 stores. As part of the deal, Kroger committed to invest $500M to lower prices and $1.3B to improve the customer experience. However, the Federal Trade Commission FTC sued to block the acquisition in 2024 citing anti-trust concerns. The FTC says Krogers plan to sell hundreds of stores is inadequate to address the concerns raised by the proposed merger.