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UNCOVERED: 6 | History Defined

Kroger, Albertsons to sell hundreds of stores in bid to clear merger of 2 of largest US grocers

Both companies plan to sell more than 400 stores, including the Mariano’s brand name.

Chicago Sun-Times

Aldi says it will buy 400 Winn-Dixie, Harveys groceries across the southern U.S.

Under a proposed merger agreement, Aldi will acquire all outstanding shares of Jacksonville, Florida-based Southeastern Grocers Inc., the parent company of Winn-Dixie and Harveys.

WEKU

DoorDash launches SNAP/EBT payments

The company says that the program will "increase food access nationwide through on-demand grocery delivery"

Salon

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Kroger makes another big payroll error

"I just want what’s supposed to be mine" said one of the impacted employees

Salon

Is the grocery industry broken?

In a world where we're forced to choose between monopolies, it becomes apparent that the grocery industry is broken

Salon

McDonald’s Executive Slam Elon Musk In Eye-Opening Email, Say Tweets Are ‘Perpetuating Racism’

A top executive at McDonald'sVreportedly asserted that Twitter CEO Elon Musk's "free speech" agenda at Twitter

Zenger

Grocery workers oppose Kroger/Albertsons ‘mega-merger’

LAKEWOOD, Calif. — Southern California grocery workers and community supporters held a rally Thursday at a Ralphs grocery in Lakewood to oppose the planned $24.6 billion merger of supermarket giants Kroger and Albertsons.

The Orange County Register

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3 Big Box Retailer Stocks to Stock up on Right Now

While policymakers continue to debate over the next moves on concerns of strong economic data and the recent bank crisis, the stock market is expected to remain under pressure. Due to the inelastic demand for its goods and strong consumer spending, the big-box retail sector is expected to stay afloat.…

StockNews.com

WA Supreme Court clears way for Albertsons' $4 billion dividend

The Washington state Supreme Court has swept aside the last legal obstacle to a $4 billion dividend by Albertson to its shareholders ahead of a controversial proposed merger with rival Kroger.

Tribune News Service

Food and agriculture stories for 2023

There’s a great need for change, change that large institutions will likely fight

Salon

‘We’re really worried’: US supermarket mega-merger raises mass layoff fears

Kroger and Albertsons seek deal through Federal Trade Commission but employees say previous merger experience has them deeply concerned

The Guardian - US

Judge sides with Albertsons in fight over $4 billion investor payout

SEATTLE — A King County judge on Friday ruled that Albertsons’ plans to pay out $4 billion in dividends to shareholders can go forward amid its increasingly contentious merger with another grocery giant, Kroger.

Tribune News Service

3 Value Stocks You Need to Take Seriously in 2023

The stock market has remained highly volatile amid the ongoing macroeconomic uncertainties. Although the economy is showing resilience, recession fears are widespread. With value investing gaining traction, we believe fundamentally sound value stocks Lockheed Martin (LMT), Cigna Corporation (CI), and Albertsons (ACI) are great additions to your portfolio now. Read…

StockNews.com

Kroger employees still aren't being paid

Since Labor Day, Kroger has blamed a "glitch" in its new payroll system for incomplete and late paychecks

Salon

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Tribune News Service

Commentary: Grocery store monopolies are bad news for shoppers

American families are heading into the end-of-year holidays facing sticker shock in the grocery aisles. Prices have jumped 13% over the past year, with even larger increases for staples like eggs, chicken and pork. Although inflation decreased slightly in October, it remains a top concern in public opinion polls for…

The Independent UK

Consumer groups want grocers to ditch digital-only deals

A coalition of consumer groups is asking grocery chains to rethink their digital-only coupons

Chicago Sun-Times

Food co-ops are a better alternative to corporate grocers

Corporate grocers may not reflect our values in areas like sustainability and labor practices. Food co-ops allow us to own and control grocery options that reflect our values.

Chicago Tribune

Illinois AG sues to stop Jewel-Osco parent Albertsons from paying $4 billion dividend

Illinois Attorney General Kwame Raoul has sued grocery giants Kroger and Albertsons, which announced in October they plan to merge, over a nearly $4 billion payment scheduled to go out to Albertsons shareholders in November.

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The Independent UK

State attorneys general sue to block Albertsons' $4B payout

The attorneys general of California, Illinois and the District of Columbia are suing Albertsons to stop the grocery chain from paying nearly $4 billion to its shareholders

Tribune News Service

WA sues to block $4 billion Albertsons dividend ahead of Kroger merger

Washington's top lawyer has asked a court to stop Albertsons from paying investors a $4 billion dividend set to be paid out ahead of the grocery retailer's proposed merger with rival Kroger.

Benzinga

Downsizing At Twitter After Musk Takeover, Big Pharma Chains To Pay $14B In Opioid Claims, Tesla Shutters 1st Showroom In China: Top Stories Wednesday, Nov. 02

Reuters

Benzinga

Is Now A Good Time To Buy Kimco Realty?

Kimco Realty Corp. (NYSE: KIM) is a Jericho, New York-based retail real estate investment trust (REIT) that owns and operates 533 open-air, grocery store-anchored properties with 92 million square feet of leasable space.

The Guardian - US

Kroger-Albertsons mega-merger could cause more US food deserts, experts say

Agreement between two of the largest supermarket chains in the US could also make prices increase

Los Angeles Times

California attorney general demands Albertsons delay $4 billion dividend ahead of possible Kroger merger

California Attorney General Rob Bonta and his peers in several other states demanded Wednesday that Albertsons Cos. delay paying a $4-billion dividend to investors until after the company's merger with rival supermarket chain Kroger Co. is reviewed by the Federal Trade Commission.

The Philadelphia Inquirer

A $4 billion payout: In Albertsons' sale, where is the grocery workers' cut?

If the Federal Trade Commission clears grocery giant Albertsons' $20 billion sale to Kroger on schedule next month, the private-equity investors who control this collection of U.S. grocery and drug store chains will have squeezed out profits nine times larger than what they invested since 2006.

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