Closing arguments heard in WA case against Kroger-Albertsons merger

The Federal Trade Commission and state officials argue that the merger would eliminate competition, leading to higher prices and lower quality for consumers, while the grocery chains claim it would allow them to compete more effectively with the other supermarket giants across the country."We have seen evidence that this competition occurs every week in every way possible," said attorney Glenn Pomerantz.

"Walmart is a silver bullet in the literal sense of the term. It is the competitive threat, the existential threat to the grocery retail industry in the United States," Perry said. "Walmart has taken over virutally every town across the United States. It is, by far, the largest seller of groceries, and these are groceries that are not as high quality as the ones you will find in our markets. They are not as varied as you will find in our markets.

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.

Albertsons and Kroger CEOs testify in pivotal trial over $24.6 billion mergerThe heads of Albertsons and Kroger took the stand today in a trial that will decide if a massive merger between the two companies can move forward.
La source: komonews - 🏆 272. / 63 Lire la suite »

Colorado next up to argue its case against Kroger-Albertsons mega mergerThe Colorado attorney general’s office will argue in next week that the merger of grocery store chains Kroger and Albertsons would harm customers, employees and area farmers.
La source: denverpost - 🏆 13. / 72 Lire la suite »

Colorado trial over Kroger-Albertsons merger begins on MondayDanielle Kreutter is a multimedia journalist for Denver7 KMGH in Denver, Colorado.
La source: DenverChannel - 🏆 239. / 63 Lire la suite »

State says Kroger-Albertsons merger may cost Coloradans $500M per year; companies dispute claimA trial seeking to block the proposed merger between the supermarket chains opened Monday in Denver District Court.
La source: denverpost - 🏆 13. / 72 Lire la suite »

Kroger-Albertsons merger trial begins in ColoradoDanielle Kreutter is a multimedia journalist for Denver7 KMGH in Denver, Colorado.
La source: DenverChannel - 🏆 239. / 63 Lire la suite »

Failure of Kroger-Albertsons merger may lead to layoffs, store closures, CEO saysIf the merger with Kroger doesn’t go through, the Albertsons CEO said his company might have to consider layoffs and leave certain markets.
La source: denverpost - 🏆 13. / 72 Lire la suite »