This is great news! I live near Kroger HQ and have been following the case closely Both of these companies are in the S&P 500 and have plenty of negation power with suppliers without merging. Both are profitable companies. This was not a win for consumers and I am not convinced it was even a win for the companies themselves as it required them to give up ~10% of their stores.
hnburnsy|1 year ago
timtom123|1 year ago
But that misses the consumer picture, grocery is very regional and in many markets these two are 100% of offerings, hence why the deal required them to sell a bunch of stores.