Kroger Co. is buying Home Chef, the largest private meal-kit company in the U.S. by sales, its second deal in as many weeks aimed at bolstering the supermarket chain’s online business. The deal—$200 million initially and up to $700 million if Home Chef hits performance targets—comes about a week after the Cincinnati-based grocer took a roughly $250 million stake in British online grocery operator Ocado Group PLC. The companies are poised to open a series of automated warehouses for grocery delivery in the U.S....

Source: Wall Street Journal May 23, 2018 20:18 UTC