Grocery giant Kroger has agreed to sell its 784 convenience stores, including brands like Kwik Shops, to UK-based EG Group, whose backers include TD Capital, for $2.15 billion.

Why it matters: This is part of a broader Kroger revamp initiative to fend off growing rivals like Walmart and Amazon/Whole Foods, and comes shortly after reports that it could be working on some sort of partnership with Alibaba.

Bottom line: “It is too bad that Kroger gave in to activist pressures to sell the convenience stores because they are very good money-makers and offer very good tie-ins with the Kroger stores with their fuel programs, as well as having a tremendous multiplier effect as convenience-and-gas is one of the hottest and most successful formats in the country." — Burt Flickinger (Strategic Resource Group), via Supermarket News

Go deeper

"Not enough": Protesters react to no murder charges in Breonna Taylor case

A grand jury on Wednesday indicted Brett Hankison, one of the Louisville police officers who entered Breonna Taylor's home in March, on three counts of wanton endangerment for firing shots blindly into neighboring apartments.

Details: Angering protesters, the grand jury did not indict any of the three officers involved in the botched drug raid on homicide or manslaughter charges related to the death of Taylor.

Two officers shot in Louisville amid Breonna Taylor protests

Police officers stand guard during a protest in Louisville, Kentucky. Photo: Ben Hendren/Anadolu Agency via Getty Images

Louisville Metro Police Department said two officers were shot downtown in the Kentucky city late Wednesday, just hours after a grand jury announced an indictment in the Breonna Taylor case.

Details: A police spokesperson told a press briefing a suspect was in custody and that the injuries of both officers were not life-threatening. One officer was "alert and stable" and the other was undergoing surgery, he said.

Updated 4 hours ago - Politics & Policy

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