They told a hearing that a merger will help them counter growing rivals like Walmart, Costco and Amazon.
Lawmakers said the combined company will have to divest stores in places where they compete, which will likely raise prices. But Kroger's CEO said it has lowered prices after past mergers.
Probably because monopolies always screw over customers.
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Kroger, Albertsons CEOs to face congressional questions on planned U.S. mergerKroger CEO Rodney McMullen and Albertsons' top executive, Vivek Sankaran, will face questions this week on plans for the two giant grocery companies to merge in a $25 billion deal, Senator Amy Klobuchar's office said in a statement. They are the same co. An increasingly monopolized retail food supply will be a bad bad thing for everyday people… and small farmers too. I blame Earl Butz.
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UFCW Local 7 president, members in D.C. ahead of Kroger-Albertsons merger hearingKim Cordova, president of UFCW Local 7, which represents King Soopers and Safeway workers in Colorado, worries the merger could result in job losses and store closures. via PattrikPerez
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Kroger, Albertsons Expected to Defend Grocery Merger at Senate HearingThe CEOs of Kroger and Albertsons will likely face questions on how their companies' proposed merger would affect competition and shoppers during a Senate hearing Is it crazy to think that these 2 kinda need this merger? They lose ground all the time to places like WalMart, Aldi and others. Your reminder that post merger the company will have less than 14% of the national grocery market. Proud as punch that her country is bombing innocent children..KARMA
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Kroger and Albertsons CEOs head to Capitol Hill for merger hearingThe Senate is holding a hearing today on Kroger's proposed $24.6B purchase of rival Albertsons. Here's what to know. TheDemocrats we do NOT need another huge Monopoly NO! We don't need fewer grocery store owners w/just a bunch of different names, giving the illusion of competitioin. EndMonopolies FTC NO MORE MONOPOLIES Honor Antitrust laws!!!!
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Albertsons, Kroger CEOs to defend $25B merger to skeptical senatorsTop executives at Kroger and Albertsons are expected to face tough questions on Tuesday from lawmakers who worry the grocers' planned $25 billion merger will push up food prices at a time when inflation is a concern. Lawmakers are far more responsible for inflation than anything that Kroger and Albertsons could do. And lawmakers have had nothing to do with inflation? Look in the mirror.
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Albertsons, Kroger CEOs to defend $25 bln merger to skeptical U.S. senatorsTop executives at Kroger Co and Albertsons Companies Inc are expected to face tough questions on Tuesday from lawmakers who worry the grocers' planned $25 billion merger will push up food prices at a time when inflation is a concern.
La source: Reuters - 🏆 2. / 97 Lire la suite »