Kroger hiked milk, egg prices above inflation, merger judge is told

  • 📰 adndotcom
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

In an email to his bosses, Kroger’s senior director for pricing acknowledged that the company had raised its prices more than required to adjust for higher costs.

Updated: 18 seconds agoA customer removes her purchases at a Kroger grocery store in Flowood, Miss., Wednesday, June 26, 2019.

In a March 2024 email to his bosses, Andy Groff, Kroger’s senior director for pricing, acknowledged that the company had raised its prices more than required to adjust for higher costs.Groff testified about his email as part of a federal antitrust lawsuit by the Federal Trade Commission and a group of states to block Kroger from buying the Albertsons chain. U.S. District Judge Adrienne Nelson in Portland is expected to rule on whether to stop the $24.6 billion acquisition from moving forward.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 293. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Wall Street skeptical as Kroger promises to slash grocery prices by $1B after Albertsons mergerThe merger has faced substantial legal hurdles and comes at a time of low consumer sentiment.
Source: nypost - 🏆 91. / 67 Read more »

Kroger, Albertsons pledge to cut prices by $1 billion after mergerGrocery giants Kroger and Albertsons are looking to convince federal regulators that its proposed $25 billion merger won't negatively impact consumers by...
Source: dallasnews - 🏆 18. / 71 Read more »