As consumers continue to cut back on spending and eat more meals at home, Kroger Co. has responded by expanding its offering of private brand products. In the third quarter ended Nov. 5, the company’s own brands delivered identical sales growth that outpaced overall identical sales.
Following The Kroger Co.’s proposed acquisition of Albertsons, the Washington State Court granted a temporary restraining order on Nov. 3 on the basis that the company would be unable to compete if it paid the $6.85 per common share special dividend while the merger is under antitrust review.
The Kroger Co. is acquiring Albertsons Companies for approximately $24.6 billion. If the acquisition is approved, it will encompass 4,996 stores, 52 processing plants, 66 distribution centers, employ approximately 710,000, and, on a combined basis have an estimated $210 billion sales and $3.3 billion in earnings.
London-based Pots & Co is a dessert company that makes its desserts in reusable ceramic pots, which can be repurposed as succulent planters, dip bowls, paint pots or a new dish for customers to bake their own desserts.