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Kroger Rumored to be Eyeing Potential Acquisition of Walgreens and Rite Aid's Stores

Kroger Rumored to be Eyeing Potential Acquisition of Walgreens and Rite Aid's Stores


CINCINNATI, OH
Tuesday, August 30th, 2016

As Walgreens looks to complete the acquisition of Rite Aid later this year, Kroger may soon be looking to inch on its own acquisition of the Rite Aid change by making a bid for some soon-to-be divested locations with further possibilities in the works.

Experts have marked Kroger as a potential prime bidder for some of the stores as Walgreens will need to sell some of the acquired locations, and according to the Cincinnati Business courier, Kroger was reportedly interested in buying Rite Aid prior to Walgreens bid. 

So where does Kroger enter in a impactful decision on the buy-side industry? Though Krogher is already the nation’s fifth-largest pharmacy with 2,200 of its own in-store locations, experts speculate that Kroger could use this prospective acquisition to expand its supermarket sales.

This potential bid for new stores, and new market locations, could see Kroger either expanding its portfolio by building its own stores in the surrounding areas of the purchased Rite Aid locations, or further investing into the urban format trend that Kroger has been exploring.

With the Walgreen’s acquisition slated to close by the end of the year, the company stated that it was willing to sell up to 1,000 Rite Aid locations, although experts predict that the company will only likely need to sell around 500 stores

Rite Aid reached a deal with Walgreen’s parent company, Walgreens Boots Alliance, in October of last year for the chain and its 4,600 stores to be acquired.

Kroger officials have yet to comment on the rumored bid for the Rite Aid stores.

Will Kroger be soon penning out a check for newly acquired locations, and launch its supermarket chain even further into the nation’s foundation? Deli Market News will report with the latest as the information develops further.

Kroger
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