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%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

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.

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:

 /  🏆 11. 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.

Kroger-Albertsons merger: Why the FTC says it will raise food pricesPolitical News and Conservative Analysis About Congress, the President, and the Federal Government
Fonte: dcexaminer - 🏆 6. / 94 Leggi di più »

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.
Fonte: denverpost - 🏆 13. / 72 Leggi di più »

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
Fonte: dcexaminer - 🏆 6. / 94 Leggi di più »

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.
Fonte: adndotcom - 🏆 293. / 63 Leggi di più »