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Kroger convenience store sale completed

CINCINNATI — The Kroger Company announced today it has completed the sale of its convenience store business unit to EG Group for $2.15 billion.

Kroger announced in October 2017 its intention to explore strategic alternatives for its convenience store business, including a potential sale, in conjunction with Restock Kroger. In February, Kroger and EG Group announced a definitive agreement for the sale of Kroger’s convenience store business unit to EG Group. The sale includes all Kwik Shop stores.

Included in the sale were 762 convenience stores, including 66 franchise operations, operating in 18 states and employing 11,000 associates.

Kroger’s supermarket fuel centers and its Turkey Hill Dairy were not included in the sale. There will be several changes in the fuel rewards program and other perks from Kwik Shops. The first is that customers will no longer be able to accumulate fuel points on Kwik Shop purchases. Customers will still be able to get the fuel discounts from their Plus Shopper’s Card. The Coffee Club, and other similar perks from Kwik Shop, will no longer be available.

EG Group will establish North American headquarters in Cincinnati, Ohio, and continue to operate stores under its established banner names.

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