Albertsons-Kroger grocery merger has no friends among these 5 LA City Council members

  • 📰 ladailynews
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 59%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

The council members are co-authors of a resolution that says the proposed merger is anti-competitive, would lead to higher prices and would undermine workers and communities across L.A.

Kroger Co. on Tuesdsay, July 9 released the full list of stores, distribution centers and plants — including 63 in California — that it plans to divest to secure approval for the proposed merger with Albertsons Cos.

The merger is being challenged by the Federal Trade Commission, which claims the proposed $24.6 billion merger would lead to higher grocery prices through a reduction in marketplace competition — and also potentially negatively affect workers. Of the 14 stores that might be sold from this merger in the city, three are located in Park’s 11th District, covering West L.A. and coastal neighborhoods in Westchester, Venice and Pacific Palisades.

“The rising prices of groceries is hard on all of us. However, as a city, we must work to protect our vulnerable. When two of the largest grocery chains in the country combine their power, our community members suffer,” she added. She emphasized that the merger is “far from a done deal” as it faces challenges in court filed by state and federal regulators.LA City Council faces possible tussle with Mayor Bass over LAPD discipline

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 332. in İT
 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Proposed Kroger-Albertsons merger draws criticism from Los Angeles city leadersThe 63 California stores slated to be sold to C&S Wholesale Grocers if the merger goes through include 15 Albertsons locations, 31 Vons locations, 16 Pavilions locations and one Safeway.
Fonte: CBSLA - 🏆 552. / 51 Leggi di più »

Kroger, Albertsons halt merger plans while Colorado lawsuit proceedsSupermarket chains Kroger and Albertsons agreed to temporarily halt their proposed merger in Colorado until a judge has considered the state’s objections.
Fonte: NBCDFW - 🏆 288. / 63 Leggi di più »

Mega-merger between Kroger and Albertsons delayed by a Colorado courtThe proposed $25 billion merger of Kroger and Albertsons has been halted to wait for a ruling on a lawsuit, according to Reuters.
Fonte: Mynorthwest - 🏆 438. / 53 Leggi di più »