Alaska advocates celebrate halted Kroger-Albertsons merger

Shoppers come and go from Fred Meyer and Carrs stores that face each other across the Seward Highway in Midtown Anchorage on Thursday, Aug. 8, 2024. The parent companies of the competing businesses, Kroger and Albertsons, want to merge. temporarily blocking the proposed mergerIn Alaska, Kroger owns 11 Fred Meyer stores, while Albertsons owns 24 Carrs or Safeway stores as well as the Crow Creek Mercantile in Girdwood.

“The grocery store competition we have is crucial to keeping prices fair, preserving consumer choice and supporting the community wellbeing,” she said. “This decision is a win for all Alaskans who rely on accessible and affordable food options, and we hope that it will effectively put an end to this monopoly threat.” also opposed the merger.

Officials with Albertsons and Kroger argued that the merger was necessary for the businesses to compete with major retailers that also sell food like Wal-Mart, Costco and Amazon. Shaughnessy Smith said she hopes the wide opposition to the merger will discourage the grocery chains from appealing the courts’ decisions.

“We’re hoping that with the large amount of bipartisan opposition from all levels of government, as well as this decision from a federal court, that the companies will not pursue further legal action,” she said.“A blocked merger means protecting produce on our shelves, good-paying jobs in our communities, and preservation of our way of life,” she wrote.

Italia Ultime Notizie, Italia Notizie

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

Court blocks Kroger's $25 billion acquisition of grocery rival AlbertsonsThe FTC argued the merger would eliminate head-to-head competition between the top two traditional grocery chains, leading to higher prices for shoppers.
Fonte: CNBC - 🏆 12. / 72 Leggi di più »

A federal judge temporarily halts the proposed supermarket merger of Kroger and AlbertsonsPORTLAND, Ore. (AP) — A federal judge has temporarily halted a proposed merger between supermarket giants Kroger and Albertsons, an action that could
Fonte: Mynorthwest - 🏆 438. / 53 Leggi di più »

Judge blocks Albertsons-Kroger $25 billion supermarket mergerRob Wile is a Pulitzer Prize-winning journalist covering breaking business stories for NBCNews.com.
Fonte: NBCNews - 🏆 10. / 86 Leggi di più »

Federal judge blocks merger of Kroger and Albertsons, citing threat to competitionThe temporary injunction, which halts the merger while a Federal Trade Commission proceeding plays out, is expected to effectively torpedo that deal.
Fonte: adndotcom - 🏆 293. / 63 Leggi di più »