Kroger hiked milk, egg prices above inflation, merger judge is told

Updated: 18 seconds agoA customer removes her purchases at a Kroger grocery store in Flowood, Miss., Wednesday, June 26, 2019.

In a March 2024 email to his bosses, Andy Groff, Kroger’s senior director for pricing, acknowledged that the company had raised its prices more than required to adjust for higher costs.Groff testified about his email as part of a federal antitrust lawsuit by the Federal Trade Commission and a group of states to block Kroger from buying the Albertsons chain. U.S. District Judge Adrienne Nelson in Portland is expected to rule on whether to stop the $24.6 billion acquisition from moving forward.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Wall Street skeptical as Kroger promises to slash grocery prices by $1B after Albertsons mergerThe merger has faced substantial legal hurdles and comes at a time of low consumer sentiment.
La source: nypost - 🏆 91. / 67 Lire la suite »

Kroger, Albertsons pledge to cut prices by $1 billion after mergerGrocery giants Kroger and Albertsons are looking to convince federal regulators that its proposed $25 billion merger won't negatively impact consumers by...
La source: dallasnews - 🏆 18. / 71 Lire la suite »