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Kroger has sold its C-store unit

from Retail Leader

Kroger has sold its convenience store operations as the company narrows its focus to revitalizing its grocery business via its Restock Kroger plan. The retailer announced it has completed the sale of its convenience store business unit to EG Group for $2.15 billion. Kroger says it will use $1.2 billion of the proceeds to repurchase stock and pay down company debt. more

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