What’s ahead for Publix after a competitor’s $700M meal kit deal

Kroger Co. is buying a Chicago-based meal kit company in a deal that shows what's ahead for the grocery industry and 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 platform…

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