What would Kroger, Alberstons merger mean for grocery shopping, prices in Chicago?

CHICAGO -- The chief executive officers of Kroger and Albertsons both say their merger would save consumers money.Kroger CEO Rodney McMullen and Albertsons CEO Vivek Sankaran both took the stand Wednesday at a hearing in U.S. District Court in Portland, Oregon, on the U.S. government's request for a preliminary injunction that would block the $24.6 billion deal.The two companies proposed joining forces in October 2022 after Kroger agreed to purchase Albertsons.

'It's good for Chicago. It's good for Cook County. It's good for Illinois,' said Burt Flickinger of the Strategic Resource Group, a consumer retail consulting firm.Flickinger said contrary to the concerns of the FTC, Jewel and Mariano's operating as one company could reduce prices and likely keep stores open.

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.

DNC's 'All Things Chicago' vendor fair to showcase Chicago's business communityMore than 70 businesses from across the city are looking forward to showcasing themselves to tens of thousands of DNC visitors.
Source: cbschicago - 🏆 546. / 51 Read more »