Kroger IDs the 579 stores it will sell as part of Albertsons deal
Cincinnati Business Courier
The Cincinnati region's source for local business news & events. Part of the American City Business Journals network.
Kroger Co.?has identified the 579 stores it plans to sell to C&S Wholesale Grocers in an effort to land regulatory approval for its planned $24.6 billion acquisition of Albertsons Cos.
Downtown Cincinnati-based Kroger (NYSE: KR), the nation’s largest operator of traditional supermarkets, notified employees Tuesday, July 9, as it revealed the list of stores to be sold. The transaction with C&S is contingent on completion of Kroger’s purchase of Albertsons.
Kroger’s planned sales are largely in markets where the two companies have significant overlap – meaning it doesn’t plan to sell any stores in Ohio, Kentucky or Indiana.
It’s still not known if the store divesture is enough to satisfy regulators.
The Federal Trade Commission has filed a lawsuit in federal court in Oregon opposing the Kroger-Albertsons merger.
A hearing is scheduled for Aug. 26.
Kroger and Albertsons agreed to the deal, the largest grocery acquisition in U.S. history, in October 2022.
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Aglamesis to open third location, first new ice cream parlor in 54 years
Cue the pink and black confetti. An iconic Cincinnati-based ice cream and gourmet candy company is growing in size.
Aglamesis Bros. will open its third location in downtown Hamilton in the coming weeks – another feather in the cap for?the Butler County city’s ongoing rebirth.
Young, the third-generation operator of Aglamesis,?first hinted at the brand’s upcoming expansion?in an exclusive December 2022?Business Courier?cover story. Aglamesis recently?debuted a 7,000-square-foot chocolate manufacturing facility in the West End?in September 2023, which enables the company to greatly increase its chocolate-making capacity.
Aglamesis hasn’t opened a new ice cream parlor since expanding to Montgomery 54 years ago – in 1970. Its flagship shop, in Oakley on Madison Road, dates back to 1913.?
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Macy's files permits to open new store at Rookwood
After years of closing Cincinnati-area department stores,?Macy's?Inc. is opening a new local location .
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According to an official with the Norwood Building Department and permits filed in Hamilton County, a Macy’s is heading to the former Bed Bath & Beyond space in Rookwood Commons, at 2719 Edmondson Road.
The location appears to fit the company’s expansion into smaller-format stores. Macy’s plans to open up?to 30 of those?locations through 2025.?
Home formerly owned by late developer Matt Daniels hits market for $3.5M
An Indian Hill home formerly owned by commercial real estate developer Matt Daniels is being listed for sale .
The estate, located at 7805 Brill Road, is active effective Friday, July 12.
The Daniels family sold the property in 2019 to a limited liability company for more than $2.5 million, according to property records. The home has no guarantees and is being sold “as is.” The list price is $3.5 million.
Daniels, at one time one of the most active developers in the region,?died at the beginning of the year ?at age 59.
City of Cincinnati tries to claw back incentive money it paid Bon Secours Mercy Health
The city of Cincinnati is trying to get back $7 million it paid Bon Secours Mercy Health to invest in?its Bond Hill headquarters?and create hundreds of new jobs, saying the company is in default of 2014 and 2019 tax break agreements it signed.
The company did not create and retain as many jobs as it promised, and it also failed to comply with “annual qualifying wages obligations,” according to a June 20 letter signed by City Manager Sheryl Long.
The letter asks that Mercy repay the money within 30 days. If it does not, the city said it will begin charging 8% interest per year.?
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This Weekly Edition was compiled by Courier Digital Editor Liz Engel . Questions? Comments? Send them to [email protected] .
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