Kroger acquires family-owned grocery chain Giant Eagle for $1.65B to expand across the Midwest and Mid-Atlantic, its first major deal since the failed Albertsons merger

Kroger agreed to acquire Giant Eagle, a family-owned food and pharmacy retailer with about $9B in annual sales and 197 supermarkets and 11 standalone pharmacies across northern Ohio, western Pennsylvania, West Virginia, Maryland, and Indiana, for $1.65B. The price comprises $1.25B in cash plus the assumption of roughly $400M in Giant Eagle’s outstanding liabilities, in a deal unanimously approved by Kroger’s board and expected to close in 2027. Giant Eagle will keep its name, leadership, and myPerks loyalty program while operating as a division of Kroger, with no stores rebranded. The acquisition is the first under new CEO Greg Foran, a former Walmart executive, and Kroger’s first major deal since its $25B merger with Albertsons collapsed in 2024 over antitrust concerns.