WA fears grocery merger monopoly as inflation worsens

📆 05/11/2022 00:32:00
📰 Mynorthwest

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Some people around the region are worried it will create a monopoly and give the merged company too much control over available groceries. 'Grocery prices are already high enough,' a woman told KIRO Newsradio.

On Nov. 3, King County Superior Court Commissioner Henry Judson approved state Attorney General Bob Ferguson’s motion to temporarily block Kroger’s $4 billion dividend to investors — originally scheduled to be paid Monday.After Kroger and Albertson’s agreed to merge over a $20 billion deal — which would allow grocery store Kroger to acquire Albertson’s — Washington state Attorney General Bob Ferguson has filed a lawsuit to prevent and otherwise stop the agreement between the grocery chains.

Amidst the rising costs, Seattle City Council recently voted to repeal the city’s $4 per hour COVID-19-influenced “hazard pay” for grocery store employees. Seattle Mayor Bruce Harrell approved the measure Aug. 3. “I do know that mergers tend to raise prices in general, so that’s why I’m extremely wary of it and also, I’m wary anytime choices go down,” he continued.

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