A potential Kroger-Albertsons supermarket megamerger would create the largest pure grocery chain in the nation, and put Chicago rivals Mariano’s and Jewel in the same basket.
next month. Meanwhile, his namesake chain remains a major part of the Chicago grocery landscape under Kroger.Founded in 1883, Kroger exited the Chicago market in 1970, selling its stores to Dominick’s. But it found its way back with its 1998 acquisition of California-based Food 4 Less, a midsize discount chain. It now has 104 stores in Illinois under the Kroger, Mariano’s and Food 4 Less banners.
The backers of Albertsons, including Cerberus Capital, which remains the largest shareholder with a 28.5% stake, have been shopping the grocery chain this year and looking to cash out, Akbari said. By 2025, online sales are projected to reach about $212 billion, or nearly 14% of the $1.5 trillion U.S. retail grocery market, according to Insider Intelligence.
Kroger has about 10% and Albertsons less than 4% of the online grocery market, but Blake Droesch, an analyst covering retail and e-commerce at Insider Intelligence, said they can grow their online share through the merger.
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