Life Buzz News

Video: Kroger ends the year with a new set of problems


Video: Kroger ends the year with a new set of problems

The embattled grocery chain now faces lawsuits as well as calls for Chairman and CEO Rodney McMullen to step down

The failure of the $24.6 billion Kroger, Albertsons merger has opened a new set of problems for America's largest pure-play grocer.

Judges in Oregon and Washington rejected the proposed merger on Tuesday, and now Albertsons is suing its would-be partner for billions. The United Food and Commercial Workers International Union (UFCW) is also vocally opposing a $7.5 billion stock buyback planned by the Cincinnati, Ohio-based grocery chain, and calling for the replacement of Chairman and CEO Rodney McMullen.

Previous articleNext article

POPULAR CATEGORY

corporate

12063

tech

11384

entertainment

14975

research

6987

misc

16044

wellness

12002

athletics

15782