C&S and SoftBank Set to Acquire Kroger and Albertsons Stores
C&S Wholesale Grocers, with the support of SoftBank Group, is close to finalizing a deal to acquire stores that Kroger and Albertsons are looking to sell in order to obtain regulatory approval for their $25 billion merger. The exact value and number of stores involved in the transaction have not been disclosed. C&S lost one of its major customers, Ahold Delhaize, in 2019 and this acquisition could help offset that loss. The deal is expected to be announced this week. The Federal Trade Commission is currently reviewing the merger and facing pressure to block it due to concerns over potential higher grocery prices.