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Kroger buying Giant Eagle supermarket chain in $1.65B deal
Cincinnati Enquirer • • general
Key Points:
- Kroger announced it will acquire Giant Eagle for $1.65 billion, including 197 supermarkets and 11 standalone pharmacies across five states, with the deal expected to close in 2027 pending regulatory approval.
- The acquisition adds nearly 200 stores to Kroger’s portfolio and involves $1.25 billion in cash plus Kroger assuming $400 million in Giant Eagle debt.
- This purchase follows Kroger's failed $24.6 billion merger attempt with Albertsons, which was blocked by federal and state judges and is now subject to litigation.
- Giant Eagle, a family-owned regional grocer founded in 1931, is a major employer in Ohio with over 17,400 employees and $9 billion in annual sales.
- Kroger, the largest supermarket chain in the U.S., operates nearly 2,700 stores across 35 states and employs over 400,000 workers nationwide.
