{"id":1519581,"date":"2026-07-01T10:48:40","date_gmt":"2026-07-01T15:48:40","guid":{"rendered":"https:\/\/ktbb.com\/post\/?p=1519581"},"modified":"2026-07-01T10:49:04","modified_gmt":"2026-07-01T15:49:04","slug":"kroger-buying-regional-grocer-and-pharmacy-retailer-giant-eagle-in-deal-valued-at-1-65-billion","status":"publish","type":"post","link":"https:\/\/ktbb.com\/post\/?p=1519581","title":{"rendered":"Kroger buying regional grocer and pharmacy retailer Giant Eagle in deal valued at $1.65 billion"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ktbb.com\/post\/wp-content\/media\/2026\/07\/eagle.webp\" alt=\"\" width=\"869\" height=\"653\" class=\"alignnone size-full wp-image-1519582\" srcset=\"https:\/\/ktbb.com\/post\/wp-content\/media\/2026\/07\/eagle.webp 869w, https:\/\/ktbb.com\/post\/wp-content\/media\/2026\/07\/eagle-200x150.webp 200w, https:\/\/ktbb.com\/post\/wp-content\/media\/2026\/07\/eagle-768x577.webp 768w\" sizes=\"auto, (max-width: 869px) 100vw, 869px\" \/>CINCINNATI, Oh. (AP) &#8211; Kroger is buying regional grocer and pharmacy retailer Giant Eagle in a deal valued at $1.65 billion.<\/p>\n<p>Giant Eagle, which is privately held, has 197 supermarkets and 11 standalone pharmacies across northern Ohio, western Pennsylvania, West Virginia, Maryland and Indiana. Kroger has thousands of stores operating under various brands, including Ralphs, King Soopers, Smith\u2019s and Fred Meyer.<\/p>\n<p>The transaction includes $1.25 billion in cash and the assumption of approximately $400 million in outstanding liabilities, the companies said Wednesday.<\/p>\n<p>\u201cGiant Eagle is a well-run, high-quality regional grocer with a strong reputation for fresh products, pharmacy, private label and customer loyalty,\u201d Kroger CEO Greg Foran said in a statement. \u201cWe evaluated the opportunity carefully, and the strategic fit is clear.\u201d<\/p>\n<p>Foran, a former Walmart executive, was named Kroger\u2019s CEO in February. He has a reputation as a tech-savvy and detail-oriented leader.<\/p>\n<p>Kroger and Giant Eagle said that they anticipate having to divest a limited number of Giant Eagle stores in order to receive the necessary regulatory clearance for the transaction.<\/p>\n<p>The deal is expected to close next year.<\/p>\n<p>Kroger\u2019s stock fell nearly 3% before the market open.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CINCINNATI, Oh. (AP) &#8211; Kroger is buying regional grocer and pharmacy retailer Giant Eagle in a deal valued at $1.65 billion. Giant Eagle, which is privately held, has 197 supermarkets and 11 standalone pharmacies across northern Ohio, western Pennsylvania, West Virginia, Maryland and Indiana. Kroger has thousands of stores operating under various brands, including Ralphs, &hellip; <a href=\"https:\/\/ktbb.com\/post\/?p=1519581\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Kroger buying regional grocer and pharmacy retailer Giant Eagle in deal valued at $1.65 billion<\/span><\/a><\/p>\n","protected":false},"author":65,"featured_media":1519582,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1450],"tags":[],"class_list":["post-1519581","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-abc-business-news"],"publishpress_future_action":{"enabled":true,"date":"2026-07-03 10:48:43","action":"change-status","newStatus":"trash","terms":[0],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/posts\/1519581","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/users\/65"}],"replies":[{"embeddable":true,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1519581"}],"version-history":[{"count":1,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/posts\/1519581\/revisions"}],"predecessor-version":[{"id":1519583,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/posts\/1519581\/revisions\/1519583"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/media\/1519582"}],"wp:attachment":[{"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1519581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1519581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1519581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}