The largest proposed grocery merger in U.S. history is being challenged in court, with Federal Trade Commission antitrust regulators saying a merger could raise grocery prices at a time when customers are already struggling. Supermarket chains Kroger and Albertsons insist their proposed $24.6 billion deal would allow them to lower prices and more effectively compete with retail giants like Walmart.
'When unexpectedly put under sustained stress, there were not enough extra hands ready to pick up the work of sick colleagues, not enough spare trucks and truck drivers ready to haul more loads, and no easy way to suddenly ramp up production to meet surging demand.'Khan said there's a lot of discussion about what's driving the inflation.
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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
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Albertsons and Kroger CEOs Testify in Court as FTC Seeks to Block MergerCEOs of Albertsons and Kroger testified in a federal court hearing in Portland, Oregon, as the Federal Trade Commission (FTC) seeks to block their proposed merger. The FTC argues that the merger would reduce competition and harm consumers. Meanwhile, the CEOs claimed that the combined company would lower prices and create jobs.
منبع: AP - 🏆 728. / 51 ادامه مطلب »
Kroger-Albertsons $25B merger hurts shoppers, FTC says as trial kicks offe asking the judge to let the deal proceed, saying the tie-up is necessary to compete with multinational corporations like Walmart.
منبع: nypost - 🏆 91. / 67 ادامه مطلب »
FTC challenges Kroger-Albertsons merger, citing risks to consumer choiceThere's a lot at stake in a federal courtroom in Portland as a judge hears arguments for and against the Albertsons - Kroger grocery store merger plan.
منبع: komonews - 🏆 272. / 63 ادامه مطلب »
What the Kroger-Albertsons Merger Means for Your Grocery BillThe two companies proposed a record supermarket merger to compete with Walmart, but the FTC blocked it, citing reduced competition and higher grocery prices.
منبع: Newsweek - 🏆 468. / 52 ادامه مطلب »