An employee brings shopping carts into a Jewel Osco grocery store in Niles on Nov. 4, 2022. Under federal scrutiny over their plans to merge, supermarket chains Kroger and Albertsons said they will sell off about 20 more Illinois grocery stores than originally planned in an updated divestiture plan announced Monday.in Illinois. At the time, a spokesperson for Kroger-owned Mariano’s confirmed that at least some Mariano’s stores would be sold.
It’s unclear if the new plan will satisfy regulators. In February, the Federal Trade Commission sued to block the $24.6 billion merger between the grocery giants, saying the lack of competition would lead to higher grocery prices and lower wages for workers. Labor unions and various elected officials have also raised concerns about the impact the merger could have on consumers and grocery workers. In February, Illinois Attorney General Kwame Raoul was one of nine attorneys general who filed a lawsuit challenging the merger in federal court. In a statement at the time, Raoul expressed concern the merger would lead to increased grocery prices and decreased consumer choice “at a time many families are struggling to keep up.
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.
Source: nbcchicago - 🏆 545. / 51 Read more »