Proposed merger of supermarket giants Kroger and Albertsons is halted by federal, state judges

Kroger and Albertsons proposed what could have been the largest grocery store merger in U.S. history.

Kroger and Albertsons in 2022 proposed what would be the largest grocery store merger in U.S. history. The companies said a merger would help them better compete with big retailers like Walmart, Costco and Amazon. The FTC called Nelson’s decision “a major victory for the American people" that will protect them from higher grocery prices. In Washington, Governor-elect Bob Ferguson, who brought the case against Kroger and Albertsons as the state’s attorney general, called the state court’s decision “an important victory for affordability, worker protections and the rule of law.”

Kroger had promised to invest US$1 billion in lower grocery prices, an additional US$1 billion in higher grocery worker wages and US$1.3 billion to improve Albertsons stores. But Nelson wasn't swayed. Kroger and Albertsons currently compete in 22 states, closely matching each other on price, quality, private label products and services like store pickup. The FTC and the state of Washington argued that a merger would eliminate that competition and raise prices for already struggling consumers. The FTC also said the merger would hurt workers since Kroger and Albertsons would no longer compete to hire them.

“The current competition between Kroger and Albertsons' stores is fierce in the state of Washington," Ferguson said in court before his ruling was released. "Wholesaler C&S, with its limited retail experience and infrastructure, will not be able to replicate the ferocity of that competition or compete effectively in Washington against the colossus that is a merged Kroger and Albertsons.

Born and raised in Metro Vancouver, Nathan Demian was living his dream playing soccer for top-ranked Ohio State University, when he was shot during a post-game pizza run with his brother Saturday night.

Bengals quarterback Joe Burrow's home was broken into during Monday Night Football in the latest home invasion of a pro athlete in the U.S., authorities said Tuesday.Swimmer Summer McIntosh has won the Northern Star Award as Canada's athlete of the year after a dominant performance at the 2024 Paris Olympics.Tampa Bay Rays shortstop Wander Franco is scheduled to go to trial Thursday in the Dominican Republic in a sexual abuse case involving a 14-year-old girl.

Calgary company steps up to help grieving family with free furnace after fatal carbon monoxide poisoning A woman who passed herself off as a nurse and fraudulently treated almost 1,000 patients in health-care settings in Metro Vancouver and southern Vancouver Island delivered a tearful apology on the final day of her sentencing hearing at B.C. Supreme Court.Pedestrian critical following collision with TTC bus in Toronto’s west end

Argentina Últimas Noticias, Argentina Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Proposed merger of Kroger and Albertsons is halted by federal, state judgesThe proposed merger between supermarket giants Kroger and Albertsons floundered on Tuesday after judges overseeing two separate cases both halted the merger. U.S.
Fuente: SooToday - 🏆 8. / 85 Leer más »

A federal judge temporarily halts the proposed supermarket merger of Kroger and AlbertsonsA federal judge has temporarily halted a proposed merger between supermarket giants Kroger and Albertsons, an action that could scuttle the deal. U.S.
Fuente: SooToday - 🏆 8. / 85 Leer más »

Kroger-Albertsons Merger Blocked By Federal JudgeDave Jamieson has been HuffPost's labor reporter since 2011. Before joining the D.C. bureau, he was a staff writer at Washington City Paper and a freelancer contributing to Slate, the New Republic, the Washington Post and Outside magazine, among other outlets.
Fuente: HuffPostCanada - 🏆 61. / 53 Leer más »