Does Major own Kroger? (all you must know)
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Most consumers in the United States regularly connect a Meijer store as part of a Kroger store.
As a result, most people ask, does Major own Kroger? I dug into the matter and here’s everything you need to know!
Will Meijer own Kroger in 2022?
Meijer does not own Kroger, as they are separate companies competing in the same market as of 2022. Typically, Meijer is one of the largest privately held grocery chains in the United States, while Kroger is recognized as the largest grocery chain and the second largest retailer after Walmart. As such, these companies are individually owned and operated as distinct entities.
If you want to learn more about the ownership of Meijer and Kroger, the similarities and differences between the two stores, read on!
Is Major a part of Kroger?
No, Meijer is not part of Kroger, but the two stores operate as separate companies.
Understandably, most consumers generally think of Meijer as part of Kroger, as Kroger owns many stores called “Meyer”, ie Fred Meyer.
However, it is important to note that although Meyer and Meijer are pronounced the same, they are unrelated companies.
Founded by Hendrik Meijer in 1934, Meijer is a chain of supercenters that is currently recognized as one of the largest privately held companies in the United States.
Additionally, the company is headquartered in Grand Rapids, Michigan and operates more than 240 grocery stores and supermarkets in six states, namely:
- the state of Wisconsin
Kroger, on the other hand, is a retail company headquartered in Cincinnati, Ohio, with more than 2,800 stores in the United States.
Who owns Kroger?
Kroger is a public company traded on the New York Stock Exchange (NYSE) as NYSE: KR.
Therefore, the ownership of the company is distributed among the public shareholders through a stock exchange or stock exchange.
Nonetheless, Kroger’s top five institutional shareholders include the following:
- Vanguard Group, Inc (The): owns 10.74% of 78,978,401 shares valued at $3,574,562,429.
- Blackrock Inc: owns 73,121,108 shares of 9.94% valued at $3,309,461,348.
- Berkshire Hathaway: Owns 8.35% of 61,412,910 shares worth $2,779,548,306.
- State Street Corporation: owns 37,186,340 5.06% shares, valued at $1,683,053,748.
- Renaissance Technologies, LLC: owns 17,650,310 2.40% shares valued at $798,853,030.
As an umbrella brand, Kroger has the following stores:
- city market
- less food 4
- Smith’s Food and Drugs
- Fred Meyer
- Food company
- Pay less at the supermarket
- Jay C Food Store
Who currently owns Meijer?
Meijer is a family-owned private company that is currently ranked by Forbes as the 13th largest private company in the United States.
As such, the company is currently owned by brothers Hank and Douglas Meijer, who have an estimated net worth of around $16.7 billion.
The two brothers, grandsons of the founder, took over the company in 1990 from their father, Frederick.
Is Meijer cheaper than Kroger?
According to a pricing analysis by How I Got The Job and Grocery Corridor, Kroger is cheaper than Meijer.
According to the analysis, Kroger has more purchasing power than Meijer because Kroger is older than Meijer.
Therefore, due to higher purchasing power, Kroger has the financial ability to purchase more products, which narrows to a more significant profit margin than Meijer.
In addition, Kroger has more than 2,000 stores to stock these numerous products, while Meijer has only 240 stores.
With these factors in mind, Kroger checked affordability and proximity on the list of ideal grocery stores.
Still, although Kroger is cheaper than Meijer, Meijer has a wider variety of items than Kroger. As a result, Meijer is the ideal store for customers seeking variety.
Which companies does Meijer own?
Meijer is a proud anchor of different brands who insist on quality without compromising on it.
Through these brands, Meijer addresses the specific needs of customers to maximize customer loyalty. Professional brands include:
- The Meijer brand: conveys Meijer’s family pride and heritage through a rich product range.
- True Goodness by Meijer: Bringing taste and quality without compromising on flavor, value and nutrition.
- True Goodness by Meijer Organics: The brand liberates customers from artificial flavors, colors, and preservatives to improve product quality.
- At Home with Meijer: The brand provides customers with practical home solutions that help make life easier, more beautiful and more comfortable.
- False Creek: This brand offers casual, effortless chic styles for all members of the family with an emphasis on quality and comfort.
Other great Meijer brands include:
- purple cow
- Penny Smart
- MTA Movement
- room and lounge
- entertainment club
- Studio M, Edgar + Ash
- colorful planet
- lake and trail
To learn more about Meijer, you can also read our posts on whether Meijer is drug tested, whether Meijer requires membership, and whether Meijer is unionized.
In conclusion, Meijer does not own Kroger because the two companies operate and operate as two different entities.
Still, both companies are U.S. grocery stores that serve large crowds.
Meijer is privately held, while Kroger is publicly held and traded on the New York Stock Exchange (NYSE) under the symbol KR.