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

  • 📰 10News
  • ⏱ Reading Time:
  • 17 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 50%

Albertsons 뉴스

Kroger,Merger,News

They say joining together would help them rein in costs and better compete with big rivals like Walmart and Costco.

PORTLAND, Ore. — 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 in Oregon.The two companies proposed what would be the largest supermarket merger in U.S. history in October 2022. But the Federal Trade Commission sued to try to block the deal, saying it would eliminate competition and raise grocery prices in a time of already high food price inflation.

“We can no longer stand by and allow corporate greed that puts profit before people. Our workers, our communities and our customers deserve better.”The labor union also expressed concern that potential store closures could create so-called food and pharmacy “deserts” for consumers.For people in many communities across the U.S.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 732. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인