An Albertsons and Kroger merger would remake grocery shopping. A judge must decide whether to halt it.

Grocery giants Kroger and Albertsons are facing off against the Federal Trade Commission in federal court, with the two sides fighting over the largest proposed supermarket merger in U.S. history. On Monday, a judge opened a hearing to decide whether to issue a preliminary injunction that would halt the merger plans. What's going on? In October 2022, Kroger and Albertsons announced that they had agreed to merge in a deal valued at $24.

The FTC said the combination of the two supermarket companies would obliterate competition between the major grocers, leading to higher prices and lower-quality products for millions of Americans. It also alleged that the deal would hurt workers, eliminating their ability to negotiate for higher wages and better benefits.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Kroger-Albertsons $25B merger hurts shoppers, FTC says as trial kicks offe asking the judge to let the deal proceed, saying the tie-up is necessary to compete with multinational corporations like Walmart.
Source: nypost - 🏆 91. / 67 Read more »