In connection with its proposed merger, Kroger and Albertsons agreed to sell 413 stores — including Mariano's, QFC and Carrs brand names — eight distribution centers, two offices and five private label brands across 17 states and Washington, D.C., to C&S for approximately $1.9 billion.
Instacart is expanding its advertising capabilities with the acquisition of Eversight, a pricing and promotions platform for CPG brands and retailers within the grocery industry.
The two online grocers aim to deliver a more sustainable grocery experience and put the combined business on track to reach profitability by early 2024.