Kroger announced it’s merging with Albertsons in a $24.6 billion deal, creating one of the largest grocery store chains in the United States with nearly 5,000 stores when combined. “The combination creates a premier seamless ecosystem across 48 states and the District of Columbia, providing customers with a best-in-class shopping experience across both stores and digital channels,” Kroger said in a press release.
7% in September from the month prior and a stunning 13% over the last year, according to new government data released Thursday. Kroger\n \n said it would buy Albertsons for $34.10 a share — a roughly 30% premium above the grocery chain’s average share price over the course of the past month. Shares of Kroger\n \n slid 2% in premarket trading, while Albertsons soared more than 11%. First approved by both of the company’s board of directors, the merger still needs regulatory approval.
Make sure Albertsons french bread is part of the deal. Ralph's french bread kinda sucks
AmericanDreamsAndVisions
Bad for the consumers, no competition
Please say it’ll be like Whole Foods.
Defund the corporate econony
This a monopoly. They’ll raise prices and blame inflation while they swim in a pool of money.
This is not a good thing. Monopolies destroy competition and raise prices.
Terrible. Prices will rise and customer service will be even worse than now as there will be so little competition.
Holy moly ! Talk about monopoly POTUS Monopoly
JusticeATR
Krogertson’s? 😉
Kroger is already a conglomerate. Did people not know that?
ArentMonopoliesUnconstitutional
Piggly Wiggly wants in…
Yay, higher prices
We need you now more than ever in North Texas HEB just not 1-2 stores. Need a takeover
What happened to anti-trust laws? I thought you hated unregulated capitalism
This is not good. They're looking to set the market prices
It's not just irresponsible it's dangerous. To many Americans already experience food instability at current prices.
And I’ve not heard of either where even are either of these stores located
They better lower those darn prices.
👍👍👍👍
Monopoly? Anti Trust? Government asleep at the wheel?
Just another giant corperation putting a smaller corperation out of business as isual. Monoply!
They have the management structure in place to make this work but we’re slowly heading towards 5 companies supplying the US with their essentials.
Stop this from happening
~ hopefully the former doesn’t become just like the latter.
Isn't it lovely how capitalism works? Slowly remove the competition, squash the mom & pop shops, and then you can do anything. Raise the prices all you want, and make more profit 👍🏻 (Oops...gonna suck for the average hard working American)
It’s as bad as our media companies….
And still won’t be better than TX based HEB
None of these imposters can touch HEB
So now Kroger can screw up another food chain like they did when they purchased Mariano's.
So the prices at Kroger-owned Ralph’s will now rise further to pay for this acquisition, in the time-honored way of things in Capitalist Wonderland. Great, just great.
Will they screw it up like Lucky’s Market? Greed kills
Ralph's in Southern California is owned by Kroger, and their employees are mostly union. Still one of the larger union employers in the nation. Hopefully the UFCW makes sure their members benefit from this.
Rodney McMullen vs. Daijuan Song
So sorry Kroeger will be like Safeway. Worst supermarket in USA! High prices, spoiled food and lousy customer service. Did I mention all the homeless at the Safeway stores in California!?Thank goodness there are still Trader Joe’s n Wegmans
See also: Monopolies & Food Price Inflation
I'm shocked that Albertsons would be purchased by Kroger. Sad to see Joe Albertsons legacy be purchased.
Both suck
How in the world can this be allowed?
Krobertson’s?
Breaking news from the grocery store merger beat 🤣
Also does anyone else remember when the Federal trade commission or other government agencies would block these huge massive companies like this yeah I guess it's f***** the little guy season
Albertsons bought at United for years so it was okay then they started getting rid of the United generic or store brand and now it futtin* sucks
KROLGERTSONS!
Terrible deal for kroger. Albertson is 14B in debt.
Monopoly
And our joke of a gov will allow it.
Nothing can go wrong right? More price gouging?
What about anti-trust?
Keep in mind Albertson's owns Safeway, Shaws, Acme Markets, and several other small players. Kroger owns Harris Teeter, Ralphs, King Soopers, Dillons, and several others. Too much overlap.
This is inadequate. I want this blocked on behalf of publix
Prices will continue to rise
TronCarterNLU BigRandyNLU Emergency pod?
Wait, didn’t Kroger not want to pay their employees but they got money for this. Stop it
What do the giant hedge funds not own?
No Krogers in NoVA; Albertson’s owns Safeway. There’s a smallish one, walking distance, but I only use it as the store of last resort. Nice people, but too many outdated foods on the shelves and in the refrigerator cases.
Can’t beat Aldi or wegmans so make a bigger 3rd choice store. Brilliance
Is the name “Kroger” staying? Very important to me
Krogertson’s?
This stuff is always bad for the consumer...
A fine addition to our too big to fail food supply
Kroger sucks. I feel so sorry for their workers.
Inflation: 14 Consumers: 0
Well, this won't help food prices or the bare shelves (and poor quality) at Kroger. I don't suppose the FTC will step in to thwart this attempted monopoly?
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