Monday, February 5, 2018

Kroger in $2.1 billion mega-deal

Chain Store Age

Chain Store Age

The Kroger Co. has sold its convenience store business.

The supermarket giant has entered into an agreement to sell its 762 convenience stores to EG Group, a privately-held convenience store retailer based in the United Kingdom for $2.15 billion. The deal is expected to close transaction during the first quarter of Kroger’s fiscal year.. . . more