Kroger To Buy Giant Eagle For $1.65 Billion

Kroger plans to buy Pittsburgh-based grocery chain Giant Eagle. In a news release, Kroger announced a definitive agreement to acquire Giant Eagle for $1.65 billion, which includes 197 supermarkets and 11 standalone pharmacies across northern Ohio, western Pennsylvania, West Virginia, Maryland and Indiana. “Giant Eagle is a well-run, high-quality regional grocer with a strong reputation for fresh products, pharmacy, private label and customer loyalty,” said Greg Foran, Chief Executive Officer at Kroger. “We evaluated the opportunity carefully, and the strategic fit is clear. Giant Eagle expands our reach into attractive adjacent markets, allowing us to do what we do best: Run outstanding stores, deliver fresh foods and convenient meal solutions at affordable prices, and take care of our customers and associates every single day.” “Today’s announcement marks an exciting next chapter for our Team Members, customers, vendors and community partners,” said Bill Artman, Chief Executive Officer at Giant Eagle. Artman says Giant Eagle will keep its name and will continue to run their Giant Eagle Supermarket, Giant Eagle Pharmacy, and Market District brands as a division of Kroger. In addition, Artman says Kroger also plans to keep Giant Eagle’s myPerks loyalty program “while exploring additional opportunities to expand its reach.” The release from Kroger stated that Kroger and Giant Eagle expect to make “limited Giant Eagle store divestitures” to complete the transaction. It’s unknown how many stores will be sold off.The transaction is expected to close in 2027.



