The Kroger company announced on 9 July 2013 that it would be acquiring the supermarket chain, Harris Teeter. The merger was completed on 28 January 2014. Even though Harris Teeter is a wholly-owned subsidiary of The Kroger now, it still operates under its name and still has its headquarters in Matthews, NC. The deal was closed for 2.5 billion USD, under which Harris Teeter debt of around $100 million was to be assumed and all the shares outstanding were to be bought by Kroger. This merger provided the chance for Kroger to enter Asheville and also provided it the opportunity to return to Charlotte.
The Kroger company –
Harris Teeter –
Harris Teeter is a subsidiary of Kroger now but it still provides Harris Teeter brand products.
Harris Teeter And The Kroger Merger –
In 2013-14, Kroger bought Harris Teeter and now Harris Teeter, though still retaining its name, is a fully owned subsidiary of Kroger. Harris Teeter operates in the Southern States and in pleasant regions too, with them being vacation hubs and having universities and growing population size. This provides Kroger access to stores in great locations. Harris Teeters’ presence from Nashville was removed by Kroger because they no longer were profitable as the competition grew, causing two stores to be closed and three to be changed to Kroger stores. It is said that Harris Teeter may have reaped more advantages because of the two merging but it is clear that both Harris Teeter and Kroger benefited from it.
Conclusion –
In these times, when everything is industrialized and most things have become about business, and revolve around things like profit, loss, buying, and selling. It has become very common for many new companies to start and for many companies to close down or merge with other companies. That is also the case with the Kroger Company and the Harris Teeter supermarkets. Kroger from early on has merged many brands with its name and has also added Harris Teeter to the list in 2013. This move proved to be profitable to both the companies and now Harris Teeter is operating under the Kroger company.
Yes, Kroger has stores in other countries.
Kroger is a US-based company that operates in many states in the US but not in other countries.
Kroger does not change its subsidiaries into Kroger stores.
Kroger does not change its subsidiaries into Kroger stores if it is not needed. Kroger does not even change their name or the operating systems of the company. They let them continue as they were before the merger and only change them if it is necessary. ..
Kroger operates in 33 states.
Kroger operates in 35 states other than the District of Columbia. ..
Yes, Kroger is the largest grocery store in the US.
Kroger is not the largest grocery store in the US. Walmart is the largest grocery store in the US.
Yes, Kroger is the oldest grocery store chain in the USA. The first Kroger store was opened in Cincinnati, Ohio in 1901.
Kroger is the oldest grocery store chain in North America. The first Kroger store was opened in Cincinnati, Ohio in 1901.
