Albertsons-Kroger grocery merger has no friends among these 5 LA City Council members

Kroger Co. on Tuesdsay, July 9 released the full list of stores, distribution centers and plants — including 63 in California — that it plans to divest to secure approval for the proposed merger with Albertsons Cos.

The merger is being challenged by the Federal Trade Commission, which claims the proposed $24.6 billion merger would lead to higher grocery prices through a reduction in marketplace competition — and also potentially negatively affect workers. Of the 14 stores that might be sold from this merger in the city, three are located in Park’s 11th District, covering West L.A. and coastal neighborhoods in Westchester, Venice and Pacific Palisades.

“The rising prices of groceries is hard on all of us. However, as a city, we must work to protect our vulnerable. When two of the largest grocery chains in the country combine their power, our community members suffer,” she added. She emphasized that the merger is “far from a done deal” as it faces challenges in court filed by state and federal regulators.LA City Council faces possible tussle with Mayor Bass over LAPD discipline

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.

Proposed Kroger-Albertsons merger draws criticism from Los Angeles city leadersThe 63 California stores slated to be sold to C&S Wholesale Grocers if the merger goes through include 15 Albertsons locations, 31 Vons locations, 16 Pavilions locations and one Safeway.
Source: CBSLA - 🏆 552. / 51 Read more »

Kroger, Albertsons halt merger plans while Colorado lawsuit proceedsSupermarket chains Kroger and Albertsons agreed to temporarily halt their proposed merger in Colorado until a judge has considered the state’s objections.
Source: NBCDFW - 🏆 288. / 63 Read more »

Mega-merger between Kroger and Albertsons delayed by a Colorado courtThe proposed $25 billion merger of Kroger and Albertsons has been halted to wait for a ruling on a lawsuit, according to Reuters.
Source: Mynorthwest - 🏆 438. / 53 Read more »