Deals
Albertsons Gazes Into the Future and Envisions Organic Bananas
- A merger with Sprouts would help expansion in a growing market
- Grocery giants move onto turf dominated by specialty stores
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Every grocery chain seeking to thrive in the modern world must provide organic kale alongside the Hot Pockets and Fritos.
That point was driven home by merger talks in recent weeks between Albertsons Cos., the second-largest U.S. supermarket chain, and Sprouts Farmers Market Inc., whose 250-odd stores are known for fresh produce and organic offerings. The preliminary discussions may not lead to a deal, according to people with knowledge of the matter.