Kroger buys Harris Teeter chain, will keep brand, News&Observer reports

With construction underway for a Harris Teeter grocery on Merrimon Avenue in north Asheville, the chain has been bought by Kroger:

From the Raleigh News&Observer

The Kroger grocery store chain said Tuesday that it is buying the Harris Teeter chain in a deal valued at $2.5 billion.

Harris Teeter will operate as a subsidiary of Kroger and will keep its management team at its Matthews, N.C., headquarters, Kroger said.

Together, the two brands will operate 2,631 stores in 34 states and the District of Columbia and will have 368,300 employees, Kroger said in announcing the deal. …

Read more here: http://www.newsobserver.com/2013/07/09/3018795/kroger-buying-harris-teeter-in.html#storylink=cpy

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