Albertsons CEO to step down after Kroger merger fails. What he says about grocer’s future
The announcement Monday came the same day that Kroger’s CEO, Rodney McMullen, resigned after an investigation by the Cincinnati grocery company’s board into his “personal conduct.” That undisclosed conduct, “while unrelated to the business, was inconsistent with Kroger’s Policy on Business Ethics,” Kroger said in a news release.
Why the merger between Kroger and Albertsons was blocked by federal and state courts
In December, federal and state courts blocked the attempted merger between two of Colorado’s grocery store giants: Albertsons (Safeway) and Kroger (King Soopers, City Market). The merger was challenged by the Federal Trade Commission
The CEOs of both Kroger Co. and Albertsons Companies Inc., the two grocery giants that were involved in a failed ...
Albertsons said on Monday that its CEO Vivek Sankaran would be retiring and insider Susan Morris would assume the role, ...
Kroger on Thursday forecast annual same-store sales largely above Wall Street estimates, fueled by steady grocery demand as ...
Under his leadership, Kroger has positioned itself as a formidable competitor to Walmart, Amazon, and other grocery giants.
Kroger is scheduled to report its fourth-quarter results Thursday before the market opens, an event that will be shadowed by Rodney McMullen's sudden departure. Here is what you need to know: ...
Albertsons' improved balance sheet and recent dividend increase highlight its potential for future growth. See why I rate ACI ...
Kroger is making daylight saving time a little easier by giving away free breakfast. The Cincinnati-based grocery chain is ...
Rodney McMullen’s abrupt exit caps a tumultuous period for the supermarket chain. The company’s next leader will need to ...
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