Following its announcement to acquire Harris Teeter Supermarkets in a deal valued at $2.5 billion made earlier this month Kroger plans to raise $1 billion through the issuance of two bonds, the Cincinnati Business Courier reported Friday.
According to a report published Monday in the Detroit Free Press, Kroger will create as many as 2,000 jobs throughout Michigan as the national grocer continues to grow marketshare across its core markets, even as the chain seeks a Southeastern foothold with the acquisition of Harris Teeter announced yesterday.
Kroger on Tuesday announced a definitive merger agreement under which Kroger will purchase all outstanding shares of Harris Teeter for $49.38 per share in cash as part of a deal valued upward of $2.5 billion.
Kroger on Friday announced it has named Rick Going president of the company's new Nashville division, Calvin Kaufman president of the new Louisville division, Jayne Homco president of the Michigan division and Erin Sharp group VP of Kroger manufacturing.
Kroger posted sales of $30 billion and profits of $481 million in first quarter 2013 as it slowly grew its online business and foresaw increased investment in new markets and increased square footage in its stores.
Kroger is looking to open six additional Little Clinic locations within its stores in Ohio this summer and plans to expand its relationship with Ohio State University’s Wexner Medical Center, according to a local news report.