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Kroger to acquire Giant Eagle for $1.65B

financeJul 1, 202630233

Kroger agreed July 1 to buy Pittsburgh-based Giant Eagle for $1.65 billion, acquiring 197 supermarkets and 11 standalone pharmacies across northern Ohio, western Pennsylvania, West Virginia, Maryland and Indiana. The deal consists of $1.25 billion in cash from Kroger plus about $400 million in Giant Eagle debt that Kroger will assume. Kroger CEO Greg Foran called Giant Eagle "a well-run, high-quality regional grocer" with strengths in fresh products, pharmacy, private label and customer loyalty; Giant Eagle CEO Bill Artman said the combined company will provide greater growth opportunities for team members. Kroger said it expects to make limited Giant Eagle store divestitures for regulatory reasons but did not identify affected locations. Giant Eagle, founded in 1931, operates more than 200 stores regionally, generates about $9 billion in annual sales and has remained family-owned; it is Ohio’s 12th largest employer with an estimated 17,400 employees in that state. Kroger currently runs nearly 2,700 stores in 35 states and the District of Columbia and employs about 403,000 workers; the acquisition follows Kroger’s failed 2022 attempt to buy Albertsons, a merger later blocked by judges and now the subject of litigation.

Craig Calcaterra
@craigcalcaterra.bsky.social

I don't think Giant Eagle is the be-all, end-all of grocery stores, but it's way better than fucking Kroger in about 20 ways and now that this is happening I expect GE to get enshittified the way Kroger enshittifies everything.

News alert: Kroger buying Giant Eagle supermarket chain
5945d ago
WESA
@wesa.fm

According to Kroger, the purchase price for Giant Eagle was $1.65 billion. Giant Eagle owns 197 supermarkets and 11 pharmacies across western Pennsylvania, northern Ohio, West Virginia, Maryland and Indiana.

1345d ago
3 sources