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  • American City Business Journals3 months ago

    Kroger could consider acquisition after Lucky’s Minnesota expansion, analyst says

    Kroger Co.’s new investment in natural and organic supermarket chain Lucky’s Markets will get it into the Minnesota market for the first time in decades and could lead it to eye an acquisition, an industry analyst told me. Lucky’s is looking for locations in the Minneapolis area, Rick Shea, president of Minneapolis-based Shea Food Consultants, told me. Put those together, and Shea said it could indicate Kroger is considering an acquisition that would make it a major player in the Minneapolis/St. Paul market.

  • American City Business Journals3 months ago

    Kroger could buy Cub Foods, analyst says

    Kroger Co.’s new investment in natural and organic supermarket chain Lucky’s Markets will get it into the Minnesota market for the first time — and could lead it to eye an acquisition, an industry analyst says. Colorado-based Lucky’s is looking for locations in the Minneapolis area — something the Minneapolis/St. Paul Business Journal reported last week. Put those together with Kroger's recent strategic investment in Lucky's, said Rick Shea, president of Minneapolis-based Shea Food Consultants, and it could indicate Kroger is considering an acquisition that would make it a major player in the Twin Cities market.