Kroger Announces the Sale of Vitacost.com, Inc.
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Retailer finalizes sale to iHerb
"As we shared earlier this fiscal year, we are reviewing all non-core assets to determine their ongoing contribution and role within the company as we make progress on our key priorities: simplifying our organization, improving the customer experience, and focusing on Kroger's core business," said
Kroger and iHerb have worked to ensure minimal disruptions for customers and associates.
"The acquisition of the Vitacost brand represents a strategic investment in a name long associated with quality, value, and trust among American health and wellness consumers," said
This transaction is not expected to impact the Company's previously issued financial guidance for 2025. No additional financial terms were disclosed.
Advisors
RBC Capital Markets, LLC is serving as financial advisor and Weil, Gotshal & Manges LLP are serving as legal advisors to Kroger. Ducera Partners, LLC is serving as financial advisor and Latham & Watkins, LLP are serving as legal advisors to iHerb.
About Kroger
At The Kroger Co. (NYSE: KR), we are dedicated to our Purpose: To Feed the Human Spirit™. We are, across our family of companies more than 400,000 associates who serve over 11 million customers daily through an eCommerce experience and retail food stores under a variety of banner names, serving America through food inspiration and uplift, and creating #ZeroHungerZeroWaste communities. To learn more about us, visit our newsroom and investor relations site.
About iHerb
iHerb, LLC, is one of the world's leading online retailers dedicated to offering an unbeatable selection of vitamins, minerals, supplements and other health and wellness products, including sports nutrition, beauty, bath and personal care, grocery, baby and pet care from nearly 2,000 reputable brands. Supported by a global workforce of 3,000 team members, iHerb serves 14 million active customers across 180 countries and 36 languages. iHerb's sophisticated global logistics network is anchored by nine climate-controlled logistics centers located in the
Forward Looking Statements
This press release contains certain statements that constitute "forward-looking statements" within the meaning of the federal securities laws, including statements regarding Kroger's financial guidance for 2025. These statements are based on management's assumptions and beliefs in light of the information currently available to it. Such statements are indicated by words or phrases such as "expect," and "guidance". Various uncertainties and other factors could cause actual results to differ materially from those contained in the forward-looking statements.
These statements are subject to a number of known and unknown risks, uncertainties and other important factors, and the risks and other factors discussed in reports filed with the Securities and Exchange Commission (the "SEC") by Kroger from time to time, including those discussed under the heading "Risk Factors" in its respective most recently filed Annual Report on Form 10-K and subsequent filings with the SEC, that could cause actual results and outcomes to differ materially from any future results or outcomes expressed or implied by such forward-looking statements. Except as required by law, the Company disclaims any obligation or undertaking to update or revise any forward-looking statements contained herein to reflect any change in the assumptions, beliefs or expectations or any change in events, conditions or circumstances upon which any such forward-looking statements are based.
Kroger assumes no obligation to update the information contained herein unless required by applicable law. Please refer to Kroger's reports and filings with the SEC for a further discussion of these risks and uncertainties.
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SOURCE The Kroger Co.
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