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How the largest U.S. supermarket merger in history imploded

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Manage episode 455841569 series 2586574
Content provided by Oregonian Media Group and The Oregonian/OregonLive. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Oregonian Media Group and The Oregonian/OregonLive or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

Last week, plans for the largest U.S. supermarket merger in history imploded in spectacular fashion.

First, an Oregon federal judge blocked the $24.6 billion bid by Kroger to take over Albertson’s, its next largest rival.

Less than 24 hours later, Albertsons, which also owns Safeway, pulled out of the deal entirely — and then filed a massive lawsuit against Kroger, the parent company of Fred Meyer and QFC.

The bitter breakup marks the end of a two-year saga that stood to upend grocery shopping across Oregon and centered largely right here in Portland.

On the latest Beat Check, Oregonian/OregonLive reporters Kristine de Leon and Shane Dixon Kavanaugh unpack the final twists and turns of the supermarket deal gone sour.

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

330 episoade

Artwork
iconDistribuie
 
Manage episode 455841569 series 2586574
Content provided by Oregonian Media Group and The Oregonian/OregonLive. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Oregonian Media Group and The Oregonian/OregonLive or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

Last week, plans for the largest U.S. supermarket merger in history imploded in spectacular fashion.

First, an Oregon federal judge blocked the $24.6 billion bid by Kroger to take over Albertson’s, its next largest rival.

Less than 24 hours later, Albertsons, which also owns Safeway, pulled out of the deal entirely — and then filed a massive lawsuit against Kroger, the parent company of Fred Meyer and QFC.

The bitter breakup marks the end of a two-year saga that stood to upend grocery shopping across Oregon and centered largely right here in Portland.

On the latest Beat Check, Oregonian/OregonLive reporters Kristine de Leon and Shane Dixon Kavanaugh unpack the final twists and turns of the supermarket deal gone sour.

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

330 episoade

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