Brian Albrecht on Kroger’s Divestiture Plan
Axios – ICLE Chief Economist Brian Albrecht was quoted in a story in Axios about Kroger and Albertsons agreement to divest select stores to C&S Wholesale in an effort to gain Federal Trade Commission approval of their proposed merger. You can read full piece here.
What they’re saying: “This is exactly the type of divestiture we expected,” Brian Albrecht, chief economist at the International Center for Law & Economics, tells Axios.
“A midsized company like C&S should be able to avoid the financing problems that happened to Haggen,” he adds, referencing a failed divestiture from the 2014 Albertson’s-Safeway merger.