News Formal

Albertsons will pay millions to quash charges that it cheated customers. Shouldn't that kill its merger plan?

  • 📰 latimes
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 82%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Albertsons is paying $3.9 million to settle a federal-state lawsuit that accused it of ripping off shoppers. What does that tell us about its promise that its big merger will lead to lower prices?

A couple of legal events involving the giant supermarket chain Albertsons — the owner of Vons and Pavilions, among other familiar brands — and the giant chain Kroger, owner of Ralphs and other big supermarket names, are coming together just as the two firms are trying to finalize their $24.6-billion merger.

The companies have said that the merger is necessary to enable them to compete with nontraditional grocery stores such as Walmart, Costco and Amazon; the FTC says those other stores aren't direct competitors of Albertsons and Kroger. The agency has said explicitly that the two companies' promises of lower prices post-merger — and higher wages for the workers who don't lose their jobs in the process — aren't worth the breeze they waft in on.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 11. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Kroger-Albertsons merger: Why the FTC says it will raise food pricesPolitical News and Conservative Analysis About Congress, the President, and the Federal Government
La source: dcexaminer - 🏆 6. / 94 Lire la suite »

Kroger-Albertsons Merger: A Costly Repeat of HistoryThis article argues that the proposed merger between Kroger and Albertsons is harmful to consumers and employees, echoing past corporate mergers that resulted in monopolies and price increases. The author compares this situation to past mergers in industries like satellites, wireless, and airlines, emphasizing the negative consequences for citizens.
La source: denverpost - 🏆 13. / 72 Lire la suite »

FTC lawsuit over Kroger-Albertsons merger is a political tightrope for Harris and TrumpPolitical News and Conservative Analysis About Congress, the President, and the Federal Government
La source: dcexaminer - 🏆 6. / 94 Lire la suite »

OPINION: Attorney general’s silence on Kroger-Albertsons merger is failing AlaskansAlaskans can’t afford for these megacorporations to play Monopoly with our food security.
La source: adndotcom - 🏆 293. / 63 Lire la suite »