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

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Albertsons,Federal Trade Commission,Court Hearing

PORTLAND, Ore. (AP) — Kroger and Albertsons defended their plan to merge – and tried to overcome the U.S. government’s objections – in a federal court...

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.“This lawsuit is part of an effort aimed at helping Americans feed their families," the FTC's chief trial counsel, Susan Musser, said in her opening arguments on Monday.

“Enough is enough,” Carol McMillian, a bakery manager at a Kroger-owned grocery store in Colorado, said. “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 attorneys general of Arizona, California, the District of Columbia, Illinois, Maryland, Nevada, New Mexico, Oregon and Wyoming all joined the case on the FTC’s side. Washington and Colorado filed separate cases in state courts seeking to block the merger., based in Boise, Idaho, operates 2,273 stores in 34 states, including brands like Safeway, Jewel Osco and Shaw’s. Together, the companies employ around 710,000 people.

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Kroger and Albertsons head to court to defend merger plan against US regulators' objectionsKroger and Albertsons will defend their plan to merge – and try to overcome the U.S. government’s objections – in a federal court hearing scheduled to begin ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Kroger plans to lower prices by $1 billion after Albertsons merger closesKroger had previously promised to lower grocery prices by $500 million at Albertsons locations. The supermarket mega-merger, first announced in October 2022...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »