Central Coast grocery stores changing owners if merger approved

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By KAREN VELIE While grocery store chains Kroger and Albertsons work to convince federal regulators to approve their mega-merger, on Tuesday the parties

While grocery store chains Kroger and Albertsons work to convince federal regulators to approve their mega-merger, on Tuesday the parties released a list of stores they plan to sell if the merger is approved including three on the Central Coast.

In 2022, the grocery store chains announced their plan to merge. Kroger and Albertsons constructed the merger in an attempt to compete with Walmart, Amazon and other competitors.The comments below represent the opinion of the writer and do not represent the views or policies of CalCoastNews.com. Please address the Policies, events and arguments, not the person. Constructive debate is good; mockery, taunting, and name calling is not.

“Kroger’s acquisition of Albertsons would lead to additional grocery price hikes for everyday goods, further exacerbating the financial strain consumers across the country face today,” said Henry Liu, director of the FTC’s Bureau of Competition. “Essential grocery store workers would also suffer under this deal, facing the threat of their wages dwindling, benefits diminishing, and their working conditions deteriorating.

 

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