The more than $24 billion dollar deal, if approved by regulators, would unite two of the larger grocers in the country. Currently, QFC and Fred Meyer are under Kroger and Safeway is owned by Albertsons.
“For consumers, it’s coming at time where, in general, we are pretty concerned about increasing concentration of the U.S. economy,” Bond said.“Whatever benefit they claim by being so large and negotiating better prices with the suppliers, that’s not going to offset the reduction in competition,” Santesteban said.
KIRO 7 also spoke with local grocer Kitchen and Market owner Stephanie King, who says she sees pros and cons to this sort of merger from a local store perspective. She also believes since the merger isn’t finalized just yet, it could be too early to tell what the exact impact might be.
This needs to be blocked by the FTC . PattyMurray SenatorCantwell
No don’t.
With all of us struggling with the economy, Kroger just happens to have an extra 24B ? Stop the gouge !!!
I really liked QFC before Kroger bought it, it went downhill after, so I’m not in favor of this merger.
what happened last time our grocers merged that has everyone talking and worried?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tim Steller's column: Tucson shoppers would suffer from Kroger-Albertsons mergerFor Star subscribers: The two giant supermarket chains say they'll spin off a few stores, as Albertsons did with Haggen in Tucson back in 2015, to preserve competition. Regulators should reject this trick. Albertson's has already ruined the once great Safeway chain. They are now expensive, rude, uncaring just like Albertson's has always been. Now they will ruin Kroger and price everybody out of eating altogether. 🤨 This will probably result in the closure of Fry's at Grant and 1st Avenue. The area just lost CVS on Grant Rd East of 1st Ave. Residents North of Drachman between 1st Ave and Oracle Rd are already underserved. Where is Mayor Romero!!!!! DBChirpy I don’t think any western state wants kroger
Source: TucsonStar - 🏆 339. / 59 Read more »
A Kroger-Albertsons merger could bring even higher food inflationThe reason is simple: Mergers reduce competition — and it’s competition that drives down prices and encourages more efficiency and innovation. Corporate greed is not inflation. Record profits all over the place, but yea it's inflation.
Source: dallasnews - 🏆 18. / 71 Read more »
U.S. lawmakers set hearing on Kroger grocery mega mergerU.S. senators who scrutinize antitrust issues expressed 'serious concerns' about grocery company Kroger Co's plan to buy rival Albertsons Cos Inc , and said they would hold a hearing next month on the $25 billion deal. Plenty of cash for a merger but inflation. I am banned for life from Kroger's for life because I slammed a grocery cart into a freezer, shattering the glass. Does this mean I am now banned from Albertsons? If this goes through, regulators have lost the plot entirely.
Source: Reuters - 🏆 2. / 97 Read more »