The Kroger Co. will buy Harris Teeter in a $2.5 billion deal, the company announced Tuesday.
Both grocery chains have a presence in Hampton Roads. Right now, Kroger executives are not saying exactly how the merger will change either grocery brand.
In a webcast to investors Tuesday morning, Michael Schlotman, Kroger’s chief financial officer, said Harris Teeter will continue to operate its stores as a subsidiary of The Kroger Co., much like its other brands, including the Midwest supercenter chain Fred Meyer and Dillon’s stores.
“We look forward to bringing together the best of Kroger and Harris Teeter while continuing to operate and grow the Harris Teeter brands,” David...