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The biggest supermarket merger in US history is dead

Kroger and Albertsons
The proposed merger between Kroger and Albertsons is done.

Brandon Bell/Getty Images and Pavlo Gonchar/SOPA Images/LightRocket via Getty Images

  • Albertsons is terminating an attempted takeover by Kroger a day after a federal judge blocked the deal.
  • In addition, Albertsons is suing its rival for failing to exercise "best efforts" to get approval.
  • The suit marks a decisive end to the largest proposed supermarket merger in US history.

The grocery industry's biggest potential alliance is toast.

Albertsons said Wednesday that it is terminating Kroger's attempted $24.6 billion acquisition, a day after a federal judge blocked the deal due to antitrust concerns.

In addition, Albertsons filed a lawsuit in the Delaware Court of Chancery against its rival, saying it failed to exercise "best efforts" to get approval for the deal.

"Rather than fulfill its contractual obligations to ensure that the merger succeeded, Kroger acted in its own financial self-interest, repeatedly providing insufficient divestiture proposals that ignored regulators' concerns," Albertsons' General Counsel and Chief Policy Officer Tom Moriarty said in a statement.

Albertsons is seeking "billions of dollars" in damages and a $600 million termination fee, which it says it is entitled to under its negotiating terms with Kroger.

A Kroger spokesperson called the claims "baseless and without merit."

"Kroger refutes these allegations in the strongest possible terms, especially in light of Albertsons' repeated intentional material breaches and interference throughout the merger process," the spokesperson said. "This is clearly an attempt to deflect responsibility following Kroger's written notification of Albertsons' multiple breaches of the agreement, and to seek payment of the merger's break fee, to which they are not entitled."

Albertsons' Moriarty called Kroger's approach to getting regulatory approval "willfully deficient" and said the suit is intended to "protect the interests of our shareholders, associates, and consumers."

The suit marks a decisive end of the largest proposed supermarket merger in US history, which faced challenges from the Federal Trade Commission and two US court cases.

Following Tuesday's injunction, both companies told BI they were disappointed by the ruling and would explore their options for next steps.

Lawyers for each side previously said the deal would be called off if it were blocked in Washington.

Read the original article on Business Insider

Kroger's $25 billion acquisition of Albertsons was blocked, marking a win for the FTC

Kroger store from parking lot.
Kroger's acquisition of Albertsons was blocked by a federal judge.

Charles Bertram/Lexington Herald-Leader/Tribune News Service/Getty Images

  • Kroger's proposed $24.6 billion acquisition of Albertsons was blocked by a federal judge.
  • The judge agreed with the FTC that the merger would weaken competition for US grocery shoppers.
  • The acquisition would be the largest supermarket merger in US history.

Kroger's $24.6 billion proposed acquisition of Albertsons was blocked by a federal judge on Tuesday, marking a win for the Federal Trade Commission that could ultimately sink the deal.

US District Judge Adrienne Nelson in Oregon found the acquisition would weaken competition for US consumers, agreeing with the FTC's arguments that it would violate anti-trust laws.Β 

In statements provided to Business Insider following the ruling, Kroger and Albertsons said they were disappointed by the decision.

Kroger said the evidence it presented in court showed a merger between the two companies would be "in the best interests of customers, associates, and the broader competitive environment in a rapidly evolving grocery landscape."

"We believe we clearly outlined during the proceedings how the proposed merger would expand competition, lower prices, increase associate wages, protect union jobs, and enhance customers' shopping experience," the statement from Albertsons said.

The companies said they were evaluating their options following the court's decision.

Lawyers for the companies previously said the deal would likely be called off if the judge ruled against it.Β 

"This merger will not occur if this injunction is in place," Matthew Wolf, an attorney for Kroger, previously said in court.

The acquisition would be the largest supermarket merger in US history. In its efforts to block the acquisition the FTC said the deal would reduce competition as well as lead to higher prices for US grocery shoppers and lower wages for workers.

"Kroger and Albertsons are two of the largest supermarket chains in thousands of local communities throughout the country," the FTC lawsuit said. "In hundreds of those communities, the proposed acquisition would create a single supermarket with market shares so high as to be presumptively unlawful under the antitrust laws."

The companiesΒ argued theΒ acquisition would allow Kroger to compete with retail giants like Walmart, Costco, and Amazon. They also said the deal would lead to lower prices for some consumers, citing higher prices at Albertsons stores compared to Kroger.

The judge's decision also marked a win for FTC Chair Lina Khan, who has led aggressive anti-trust efforts against large corporations.

Read the original article on Business Insider

I'm a baker who tried to find the best store-bought pumpkin pie. Out of 4 desserts, there are only 2 I'd buy again.

Four slices of pie on clear-glass plates, in rows of two. The plates sit on a light-brown table with a serving utensil to the left of them.
I compared desserts from Safeway, Costco, Kroger, and Walmart to find the best store-bought pumpkin pie.

Molly Allen

  • I'm a professional baker comparing pumpkin pies from Walmart, Kroger, Safeway, and Costco.
  • I didn't love the pumpkin pie from Kroger, but Costco's was really tasty and my second choice.
  • Safeway's was the best store-bought pumpkin pie because of its balanced taste and good structure.
I compared pumpkin pies from Walmart, Kroger, Safeway, and Costco.
Four pumpkin-pie slices on clear plates on a counter
I taste-tested pumpkin pies from four different grocery stores near me.

Molly Allen

As a professional baker, I know how to make a solid pumpkin pie at home β€” but sometimes grabbing one from a local grocery store is the best option.Β 

To find the best store-bought pumpkin pie, I put four desserts β€” from Costco, Safeway, Kroger, and Walmart β€” to the test.

There are plenty of pies on display at most grocery stores in the fall, so I didn't call ahead at any of the places I went to and just walked in and grabbed the seasonal treat.

Because pumpkin pies are typically made with a custard filling, which contains milk and eggs, the USDA recommends keeping them refrigerated. At the Costco and Safeway, I went to, the pumpkin pies were kept in a refrigerated area.

At Walmart and Kroger, they were on display at room temperature, which means they likely contain preservatives or artificial ingredients to make them shelf-stable.

With all of these factors in mind, I judged each one for flavor and texture.

I bought a 10-inch pumpkin pie from Walmart.
A whole pumpkin pie from Walmart
Walmart's pumpkin pie came in an aluminum pan.

Molly Allen

Walmart had a huge display of pumpkin pies sitting out at room temperature so I grabbed a 10-inch one.

The pie came in an aluminum pie pan for easy serving and was packaged in a cardboard box.

Walmart's pumpkin pie had a great texture and well-balanced flavor.
A slice of pumpkin pie from Walmart on a clear plate
I liked Walmart's pumpkin pie.

Molly Allen

Walmart's pumpkin pie was easy to cut at room temperature so it was simple to get a clean slice that didn't fall apart. The crust was nice and light with a tasty flavor and the filling had good structure while still being smooth.

The balance of flavors was ideal, as the pie itself wasn't too sweet and the pumpkin-spice flavor wasn't overwhelming.

I found this pie on display at room temperature, which meant that Walmart's pumpkin treat likely had some added ingredients to make it shelf-stable.

I bought an 8-inch pumpkin pie from Kroger.
A whole pumpkin pie from Kroger
Kroger's pumpkin pie had a crinkled crust.

Molly Allen

Kroger sells pumpkin pies under the store's Bakery Fresh Goodness brand. According to the employees working at Kroger's bakery, the pies are baked and frozen prior to arriving at the store.

I bought an 8-inch pumpkin pie, which was packaged in an aluminum pan and a plastic container.

I thought Kroger's pumpkin pie had a strange but strong flavor.
A slice of Kroger pumpkin pie on a clear pumpkin
Kroger's pumpkin pie was the smallest out of those I tried.

Molly Allen

Kroger's pumpkin pie was the smallest of the four I tried, but it sliced beautifully at room temperature and looked appealing. However, I couldn't enjoy more than one bite.

In my opinion, the crust was lackluster without much flavor, and the taste of the filling was overpowering, with an odd combination of spices. I thought it had a slightly artificial taste to it as well.

Because this pie was shelf-stable, I'd guess that some of the preservative ingredients added to the mixture changed the classic pumpkin-pie taste I was looking for.

I bought an 11-inch pumpkin pie from Safeway.
A whole pumpkin pie from Safeway
Safeway's pumpkin pie had some small air bubbles on the surface.

Molly Allen

I used to work at Safeway's bakery, so I already knew the chain sells pumpkin pies that come prepared and frozen and are then baked in the store.

I had the option to grab pies with or without whipped cream, both of which were kept in a refrigerated case in the bakery section. According to the label on the pie, the whipped cream is made fresh on-site from real heavy whipping cream.

I bought an 11-inch pumpkin pie, which was packaged in an aluminum pan and placed in a plastic container.

I thought Safeway's pumpkin pie was deliciously flavored.
A slice of Safeway's pumpkin pie on a clear plate
I really enjoyed the flavor of Safeway's pumpkin pie.

Molly Allen

By the appearance of Safeway's pumpkin pie, I definitely could tell it was baked fresh in the store. It had a great structure and was easy to slice at room temperature.

The crust was light and flavorful, with a hint of salt that paired well with the filling, which was absolutely delicious. The balance of the pumpkin filling with the cinnamon and other spices was spot on.

I bought a 12-inch pumpkin pie from Costco.
A whole pumpkin pie from Costco
Costco's pie was the largest out of those I tried.

Molly Allen

You'll need a Costco membership to grab one of the jumbo pumpkin pies, which can be found in a refrigerated case in the bakery section.

When I asked the employees at the bakery, they told me Costco's pumpkin pies are baked at the warehouse.

I bought the 12-inch pumpkin pie, packaged in an aluminum pan and plastic container.

Costco's pumpkin pie was soft and fluffy, with a sweeter flavor.
Costco pumpkin-pie slice on a clear plate
I thought Costco's huge pumpkin pie was a great bargain.

Molly Allen

The pumpkin pie I got at Costco was over 3 pounds, so I knew it would certainly dish out plenty of servings. Notably, I found it difficult to get a clean slice out of the Costco pumpkin pie at room temperature, but I had an easier time when it was chilled.

The crust was thin, without much flavor or texture, and the filling was incredibly fluffy, as opposed to other richer, denser pies.

It had a sweeter taste, with notes of vanilla, but it didn't have as much pumpkin-spice flavor as the other pies did. Though it tasted good, I also wanted a bit more cinnamon.

Safeway's pumpkin pie was my favorite, but Costco's was a close second.
Four pumpkin-pie slices on clear plates with red "Winner" text and arrow pointing to one from Safeway
Safeway was my winner.

Molly Allen

As a baker, a homemade pie will always be at the top of my list. Still, I think some of the store-bought versions I tried were pretty tasty.

The textures of both Costco's and Safeway's pumpkin pies were very good. However, I thought Safeway's was the best store-bought pumpkin pie. Its flavor gave it an edge over Costco's famed dessert.

Though Costco's pie was really good and a great deal, in comparison to Safeway's, it was just a bit dull.

Next time I'm in a rush and want to grab a pumpkin pie, I'll head to Safeway's bakery section.

This story was originally published on November 18, 2022, and most recently updated on November 25, 2024.

Read the original article on Business Insider

I'm a professional baker. I compared apple pies from 3 grocery stores, and I'd only consider buying 1 again

Several apple pies and slices on plate on table
I tried apple pies from Kroger, Whole Foods, and Safeway.

Molly Allen

  • I'm a professional baker who tried apple pies from the stores Kroger, Whole Foods, and Safeway.
  • In my opinion, Kroger and Safeway's pies were quite underbaked and didn't taste great.
  • Whole Foods had the best option, but I'd probably just opt to make my own dessert at home.
I compared apple pies from Kroger, Whole Foods, and Safeway.
Three apple pie slices from Safeway, Whole foods, and Kroger on clear plates on table
Apple pie is a fall staple.

Molly Allen

Apple pie is delicious any time of year, but it's especially tasty in the fall.

Baking a pie from scratch can require a lot of effort, and sometimes, you may need to take a shortcut.

So I tried options from Kroger, Whole Foods, and Safeway to find the best grocery-store apple pie you can pick up in a pinch.

I purchased a 9-inch toffee apple pie from Kroger.
Whole baked apple pie from Kroger on red table
Kroger's apple pie was toffee flavored.

Molly Allen

Kroger's bakery offered a toffee apple pie, and the label said it was freshly baked in the store.

Surprisingly, I didn't see any typical lattice apple pies. The only other option was flavored like brown sugar and maple, so I went with the toffee one.

The pie was underbaked and I thought it had a strange flavor.
Slice of kroger apple pie on small clear plate on red table
Kroger's apple pie tasted a bit artificial.

Molly Allen

The golden apple pie from Kroger looked very good, but cutting into it was incredibly difficult. It was soft and mushy, and it started to fall apart as I removed a slice.

The bottom crust on this pie seemed underbaked, and the streusel topping was doughy. It certainly needed more time to cook. That said, it could've just been that someone took my particular pie out of the oven too soon.Β 

The outer crust was good, but the rest of the pie's flavor fell flat for me. I thought the apple filling had an odd artificial taste, and the soft texture was unappetizing.

Whole Foods typically sells halves of 9-inch apple pies.
Whole apple pie from whole foods on red table
I had to buy two halves of a Whole Foods apple pie.

Molly Allen

When I arrived at Whole Foods, the only options were half pies. A bakery employee told me that the pies are baked in the morning, then are typically cut in half.

If you're looking for a whole pie, it's apparently best to call ahead in the morning and ask that one be set aside. I asked for two halves to be put in a box so I could take home an entire pie.

The pie tasted homemade.
Slice of apple pie from whole foods on small clear plate on red table
Whole Foods' apple pie had a great flavor.

Molly Allen

The flavor of Whole Foods' apple pie absolutely blew me away. It tasted homemade.

The crust was flaky and buttery. Even though the center wasn't quite fully baked, the filling still tasted fresh and flavorful with a slight crunch.

The apples tasted fresh and had just a touch of sugar and cinnamon to enhance their flavor.

Other than the middle of the crust being a bit soft, it was a very good pie. Maybe the one I got was just taken out of the oven too soon.Β 

I snagged an 11-inch apple pie from Safeway.
whole apple pie from safeway on red table
Safeway's apple pie was large and looked fantastic.

Molly Allen

Safeway sells much larger pies, and I found both lattice and Dutch options. The raw pies apparently come to the store frozen and are then baked on-site.

I bought an 11-inch lattice pie.

Safeway's pie was beautiful, but it was underbaked and too sweet for me.
slice of safeway apple pie on small clear plate on red table
Safeway's apple pie let me down.

Molly Allen

The apple pie from Safeway was beautiful, with a nice lattice topping. But it was tricky to cut β€” the slice fell apart as I removed it from the pie dish.

The crust was underbaked and quite soggy in the middle, even though the outer portions had a nice golden look and crispy texture. I wondered if my specific pie was just not left in the oven long enough or not baked at an ideal temperature.

I also thought it tasted fairly bland and was not very flaky. Plus the filling tasted incredibly sweet to me, with an overwhelming cinnamon flavor.

Overall, each option was quick and convenient, but I'm not sure I'd buy any of them again.
Slices of apple pies from whole foods, krogers, and safeway on red table
If I had to buy one again, I'd choose Whole Foods' apple pie.

Molly Allen

It was easy to head into each store and find an apple pie when I visited in September. It was a bit trickier to get a whole one at Whole Foods, but the bakery employee I spoke to was incredibly helpful.

For each store, it's also possible to call ahead of time and ask the bakery to put a pie aside for you.

But I was disappointed that all three seemed to have an underbaked crust. It takes a lot of patience to bake an apple pie β€” at home, it can take close to an hour β€” but it seemed like each grocery story didn't leave the dessert in the oven long enough.Β 

I thought Kroger and Safeway's pies tasted a bit too artificial, and their crusts did not impress me.Β 

If I needed to purchase a grocery-store apple pie again, I'd only consider Whole Foods' option because the flavor was so incredible. But in general, I'd probably just carve out the time to bake my own dessert at home.Β 

This story was originally published on October 5, 2022, and most recently updated on November 25, 2024.

Read the original article on Business Insider
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