Kroger’s $700M meal kit deal shows what’s ahead for Publix


Kroger Co. is buying a Chicago-based meal kit company in a deal that shows what's ahead for the grocery industry and Lakeland-based Publix Super Markets Inc.

Cincinnati-based Kroger (NYSE: KR) said this past week that it will acquire Home Chef, an online meal kit company. The deal will cost $200 million initially and future earnout payments could total another $500 million over five years, reports the Cincinnati Business Courier, a sister news organization.

Kroger will maintain Home Chef's e-commerce…

Previous REVIEW: Juanjo Mena makes joyous debut as new May Festival leader
Next After decades churning out aluminum and failed HQ2 bid, $250M Central Texas ranch seeks new life