The largest proposed grocery merger in U.S. history is being challenged in court, with Federal Trade Commission antitrust regulators saying a merger could raise grocery prices at a time when customers are already struggling. Supermarket chains Kroger and Albertsons insist their proposed $24.6 billion deal would allow them to lower prices and more effectively compete with retail giants like Walmart.
'When unexpectedly put under sustained stress, there were not enough extra hands ready to pick up the work of sick colleagues, not enough spare trucks and truck drivers ready to haul more loads, and no easy way to suddenly ramp up production to meet surging demand.'Khan said there's a lot of discussion about what's driving the inflation.
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Albertsons and Kroger CEOs Testify in Court as FTC Seeks to Block MergerCEOs of Albertsons and Kroger testified in a federal court hearing in Portland, Oregon, as the Federal Trade Commission (FTC) seeks to block their proposed merger. The FTC argues that the merger would reduce competition and harm consumers. Meanwhile, the CEOs claimed that the combined company would lower prices and create jobs.
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