Kroger Buys Giant Eagle for $1.65 Billion, Returning to Western Pennsylvania
Updated
Updated · wesanews.org · Jul 1
Kroger Buys Giant Eagle for $1.65 Billion, Returning to Western Pennsylvania
3 articles · Updated · wesanews.org · Jul 1
Summary
$1.65 billion will buy Giant Eagle’s 197 supermarkets and 11 pharmacies, giving Kroger a major foothold in Western Pennsylvania and nearby states in a deal slated to close in 2027.
Kroger said it pursued Giant Eagle after finding a strategic fit in the chain’s store base, loyalty program, pharmacy business, private-label portfolio and online growth potential.
Giant Eagle stores will keep their name, and Kroger said it does not expect store closures or cuts to frontline roles as the acquisition ends nearly 100 years of local ownership.
Giant Eagle generates about $9 billion in annual sales and has long dominated the Pittsburgh region, where Kroger has not operated since leaving in the mid-1980s after a labor dispute and strike.