Does Warren Buffett Own Kroger?

The Kroger Company, or simply Kroger, is an American retail company that operates supermarkets and multi-department stores throughout the United States.

Kroger was founded by Bernard Kroger in 1883 in Cincinnati, Ohio, and it operates: 2,720 grocery retail stores under its various banners and divisions in 35 states and the District of Columbia with store formats that include:

• 134 multi-department stores,
• 2,277 combo stores,
• 188 marketplace stores, and
• 121 price-impact warehouse stores.

Billionaire Warren Buffett’s Berkshire Hathaway (BRK. A 0.26%) (BRK. B 0.06%) owns a 7.3% stake in Kroger’s worth some $2.26 billion dollars.

Kroger is one of the largest American-owned private employers in the United States.

Kroger is ranked #17 on the Fortune 500 rankings of the largest United States corporations by total revenue

Kroger (KR 1.11%) will be acquiring the second-biggest stand-alone chain, Albertsons (ACI 0.56%), in a $24.6 billion deal that will create a massive supermarket giant.

The combined company will generate $210 billion in annual sales and have around 5,000 stores and 700,000 employees, which will put it within striking distance of Walmart.