Boise-Based Albertsons Launches Business Review, Seeks Over $8 Billion From Kroger
Albertsons Companies, the supermarket chain headquartered in Boise, Idaho, announced on Oct. 13 alongside its quarterly results that it is launching a comprehensive review of its business, according to trade publication Supermarket News.
The report said the company's revenue declined in the quarter and that the review will cover its store network and business structure. Separately, Albertsons is seeking more than $8 billion from Kroger in connection with their failed merger, and the dispute between the two companies is ongoing.
The Albertsons–Kroger merger was halted earlier following regulatory litigation, and after the deal collapsed the two sides sued each other over breach and damages claims.
Albertsons is a major food retailer based in Boise with supermarket stores across the United States. The company said findings from the review will be announced in due course.
Published by GSM · USA (original Chinese edition)
Photo: 爱达荷州博伊西市中心，CC BY-SA 4.0，摄影：Tamanoeconomico（Wikimedia Commons）
