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Kroger to buy Giant Eagle: History of both grocery stores in Pittsburgh dates back to 1918
WPXI • • business
Key Points:
- Kroger announced plans to acquire Pittsburgh-based grocery chain Giant Eagle for $1.65 billion, with the transaction expected to close in 2027.
- The acquisition highlights a historic connection between the two companies dating back to the early 20th century, when Kroger acquired a grocery business from families who later co-founded Giant Eagle.
- Giant Eagle was formed in 1931 by five families who combined their grocery businesses, with the first Giant Eagle supermarket opening in 1936.
- It remains unclear whether Giant Eagle stores will be rebranded as Kroger or continue operating under the Giant Eagle name, though some store divestitures are anticipated.
- Both companies have grown steadily over the decades, and the acquisition marks a significant consolidation in the Pittsburgh grocery market.
