The Albertsons merger was a bad deal from the start for both companies. They should have got cleared with regulators before they spent billions on a deal that failed. While Kroger increased Cash on its Balance sheet since the merger was announced Albertsons has burned through cash since the beginning. Was this the plan all along? If Albertsons can't recover its losses from Kroger because of the bad deal they will be closing a lot of stores to avoid bankruptcy or worse liquidation. Good news for Kroger they don't have to buy Albertsons they can buy individual store for a bargain. No competition if Albertsons leaves most if not all markets.
The hilarious part is the union is voting rodney out.
Coupled with albertsons/safeway suing them on top of that. The irony couldn't get better. The frustration and inconvenience of managers not getting paid properly for a month, then employees seeing severely reduced hours for months after that. Yea.
The hilarious part is the union is voting rodney out.
Coupled with albertsons/safeway suing them on top of that. The irony couldn't get better. The frustration and inconvenience of managers not getting paid properly for a month, then employees seeing severely reduced hours for months after that. Yea.
