date:May 14, 2014
th Cerberus Capital Management's Albertsons in a deal worth $9 billion. This deal is expected to close in the fourth quarter of fiscal 2014.
This will result in a newly formed company with 2,400 stores in a market that's harshly competitive. The presence of discount retailers, club warehouses, and big grocers such as Kroger will present significant headwinds for the newly formed company.
What's Whole Foods up to?
Whole Foods, on the other hand, has been facing increasing competition from othe