Kroger sues government for blocking merger with Albertsons

Kroger announced that it has filed a lawsuit against the Federal Trade Commission as the government agency has stood in the way of the company's proposed merger with Albertsons.Kroger is attempting to stop the FTC from administrative proceedings that challenge the merger of the two large grocery chains. The company argues that the administrative proceedings violate constitutional protections while the government also takes the issue to federal court.

Kroger’s acquisition of Albertsons would lead to additional grocery price hikes for everyday goods, further exacerbating the financial strain consumers across the country face today,” said Henry Liu, director of the FTC’s Bureau of Competition. “Essential grocery store workers would also suffer under this deal, facing the threat of their wages dwindling, benefits diminishing, and their working conditions deteriorating.”A federal court is scheduled to begin considering the case on August 26.

Nederland Laatste Nieuws, Nederland Headlines

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