The supermarket chains join forces in the fight against the market leaders.
(Photo: Reuters)
new York The second largest US retailer Kroger wants to take over the number four in the market, Albertsons. The supermarket chains announced this on Friday. Valued at $24.6 billion, it is one of the largest deals in US retail history.
With the merger, Kroger and the Safeway mother Albertsons want to become more powerful against the number one Walmart and the online retailer Amazon. Walmart has recently gained market share not only as a classic supermarket, but also as an online retailer. And Amazon has been in the stationary food trade ever since it took over Whole Foods. In addition, the German discounters Lidl and Aldi are competing with the US chains, especially in times of high inflation.
The chains complemented each other well, said Rodney McMullen, Kroger chairman and CEO of the future merged company: “Albertsons operates in different areas of the country with very few or no Kroger markets.”
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