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By Nate Raymond (Reuters) -Kroger on Friday said it would pay as much as $1.4 billion to resolve thousands of lawsuits by U.S. states, local governments and Native American tribes claiming the ...
(Reuters) -Kroger reported a quarterly net loss on Friday as the U.S. retailer took a $1.4-billion charge related to a nationwide opioid settlement, sending its shares down as much as 3% in ...
One of the nation's largest grocery chains is the latest company to agree to settle lawsuits over the U.S. opioid crisis. In a deal announced Friday, the Kroger Co. would pay up to $1.4 billion ...
The news was met with backlash from a small number of Kroger customers on Twitter, with calls for a boycott trending nationally due to her ties to the Trump administration and to her husband, Mitch McConnell. [107] On September 23, 2021, a mass shooting occurred at a Kroger location in Collierville, Tennessee. One person was killed and 13 ...
In October 2022, Kroger agreed to buy Albertsons for $34.10 per share, valuing the deal at $24.6 billion1. The acquisition aims to enhance Kroger’s competitive edge by expanding its market presence and leveraging economies of scale to offer better prices and services to customers. However, the merger has faced significant scrutiny from ...
Kroger today continues to operate the Pay Less banner under its central division, which included Owen's Market until that chain's phase-out in August 2020. In July 2017, Kroger announced plans to convert two former Marsh Supermarkets in Muncie that it had just purchased from the bankrupt company to the Pay Less brand. [ 2 ]
Grocery giant Kroger could pay more than a billion dollars to states and Native American tribes to settle claims that it helped fuel the national opioid crisis, the company announced Friday.. The ...
Food 4 Less Holdings, Inc. Food 4 Less grocery store in Hollywood, California. (Closed in May 2021) [ 3] Food 4 Less is the name of several grocery store chains, the largest of which is currently owned by Kroger. [ 4] It is a no-frills grocery store where the customers bag their own groceries at the checkout.