Kroger Co. on Tuesdsay, July 9 released the full list of stores, distribution centers and plants — including 63 in California — that it plans to divest to secure approval for the proposed merger with Albertsons Cos.
The merger is being challenged by the Federal Trade Commission, which claims the proposed $24.6 billion merger would lead to higher grocery prices through a reduction in marketplace competition — and also potentially negatively affect workers. Of the 14 stores that might be sold from this merger in the city, three are located in Park’s 11th District, covering West L.A. and coastal neighborhoods in Westchester, Venice and Pacific Palisades.
“The rising prices of groceries is hard on all of us. However, as a city, we must work to protect our vulnerable. When two of the largest grocery chains in the country combine their power, our community members suffer,” she added. She emphasized that the merger is “far from a done deal” as it faces challenges in court filed by state and federal regulators.LA City Council faces possible tussle with Mayor Bass over LAPD discipline
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