Kroger and Albertsons head to court to defend merger plan against US regulators’ objections

  • 📰 Mynorthwest
  • ⏱ Reading Time:
  • 23 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 53%

Mynorthwest.Com - Seattle News ニュース

Sports,Weather,Traffic

Kroger and Albertsons defended their plan to merge – and tried to overcome the U.S. government’s objections – in a federal court hearing that began Monday.

Storefronts and signs of a Safeway and a QFC. Safeway is owned by Albertsons while QFC is owned by Kroger. in U.S. history in October 2022. They say joining together would help them rein in costs and better compete with big rivals like Walmart and Costco.. In the three-week hearing that opened Monday, the FTC is seeking a preliminary injunction that would block the deal while its complaint goes before an in-house administrative law judge.

The commission also alleges that workers’ wages and benefits would decline if Kroger and Albertsons no longer compete with each other. The labor union also expressed concern that potential store closures could create so-called food and pharmacy “deserts” for consumers. U.S. District Judge Adrienne Nelson is expected to hear from around 40 witnesses, including the CEOs of Kroger and Albertsons, before deciding whether to issue the injunction.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 438. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Bellwether trial in Kroger-Albertsons merger begins MondayMost Alaskans live in a community where the companies’ Fred Meyer and Safeway or Carrs stores directly compete with each other.
ソース: KTOOpubmedia - 🏆 439. / 53 続きを読む »

Bellwether trial in Kroger-Albertsons merger begins MondayMost Alaskans live in a community where the companies’ Fred Meyer and Safeway or Carrs stores directly compete with each other.
ソース: AKpublicnews - 🏆 387. / 55 続きを読む »