COLORADO NEWS

Albertsons to sell 91 Safeways in Colorado

Apr 23, 2024, 10:07 PM

Colorado’s Safeways are facing an identity crisis.

In an attempt to get their proposed $24.6 billion merger across the finish line, the Albertsons and Kroger brands announced Monday that they are planning to sell 579 stores nationwide due to pressure from government regulators. Albertsons owns two Albertsons and 103 Safeway stores across the state and is planning to sell 91 of them for the hefty price tag of $2.9 billion.

This number has increased substantially since September, when the two grocery giants announced originally that they would sell 413 stores for $1.9 billion.

The stores will change hands to C&S Wholesale Grocers, a New Hampshire-based company. Regardless of the ownership swap, the individual locations will continue to operate under the same Safeway banner, according to a press release. Certain private-label brands will become available to C&S as a result. After the merger, the few stores that Albertsons will retain will be rebannered as City Markets or King Soopers, Kroger’s Colorado brands.

The U.S. Federal Trade Commission sued to block the merger earlier in the year in February, claiming that the lack of competition that would come as a result of the deal would have a negative affect on both shoppers and employees. Often cited was the concern regarding rising grocery costs and how that could negatively affect consumers. The sentiment was echoed by Colorado Attorney General Phil Weiser, who filed a lawsuit to block the merger.

The two companies are focusing on selling their stores in areas where their markets overlap, which includes the Centennial State.

Which Safeway and Albertsons stores will be kept by Kroger has not been disclosed. It remains to be seen whether or not the regulators will be satisfied with the plan.

‘Disney World for dogs’ opens in Denver this summer

The infamous Colorado house where the Watts murders happened is back on the market

Colorado News

Red Lobster...

Kathie J

Red Lobster auctions off items as a result of closures

Four people in Denver now own their very own Red Lobster fish tanks and more. Last week, 100 Red Lobster locations across the U.S. surprisingly closed their doors, including four […]

2 days ago

Photo by John Moore/Getty Images...

Shawn Patrick

Here are the most popular baby names in Colorado right now

Gone are the days of John, David, Mary, and Karen, but that’s been the case for awhile. The Social Security Administration (SSA) announced the most popular baby names in Colorado […]

3 days ago

(Photo by Andy Cross/The Denver Post via Getty Images)...

Shawn Patrick

The gargoyles are back at Denver International Airport after 5 years away

If you go down the rabbit hole you’ll find that there are hundreds of reasons people have conspiracy theories about Denver International Airport. One of them is the gargoyles that […]

3 days ago

Photo by Matthew Stockman/Getty Images...

Shawn Patrick

Here’s when the Denver Nuggets will (likely) play game 7 against Minnesota on May 19

We know the Denver Nuggets and Minnesota Timberwolves will play their winner take all game seven on Sunday (May 19) in Denver, but the time of the game is still […]

3 days ago

Photo By MediaNews Group/Reading Eagle via Getty Images...

Shawn Patrick

The Wienermobile is in Denver this weekend

The Oscar Meyer Wienermobile is one of the most famous vehicles in the world, and this weekend (May 17-18) it’s visiting Colorado! The 27-foot-long drivable hotdog includes a hot dog […]

3 days ago

(Photo By Jeremy Drey/MediaNews Group/Reading Eagle via Getty Images)...

Shawn Patrick

Denver Police will no longer pull people over for ‘low level violations’ like failing to use a turn signal

I suppose this could be good news for you if you have the tendency of getting pulled over by the cops for minor things, like I have in the past… […]

4 days ago

Albertsons to sell 91 Safeways in Colorado