The company that agreed to buy stores from Kroger Co. and Albertsons Cos. told antitrust enforcers the grocers should be forced to sell one of their brands.
The company that has agreed to buy almost 600 divested stores from Kroger Co. and Albertsons Cos. told antitrust enforcers last year that the grocers should be forced to sell off the rights to one of their well-known brands like Safeway, Vons, Jewel-Osco or Tom Thumb.
But he said the company is committed to operating the stores, even though in the past C&S has purchased supermarkets and quickly resold them to others. “We’ve invested time, money and people,” he said. “We’re not just going to do this. We’re going to do this really, really well.” C&S is purchasing the stores for $2.9 billion. About $500 million of that is coming from Rick Cohen, the company’s chairman and owner, and $400 million more from Softbank Group Corp., Winn said.
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