Proposed Kroger-Albertsons merger heads to court

The two companies proposed what would be the largest supermarket merger 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.But the Federal Trade Commission sued to try to block the deal, saying it would eliminate competition and raise grocery prices in a time of already high food price inflation.

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.Kroger, based in Cincinnati, Ohio, operates 2,800 stores in 35 states, including brands like Ralphs, Smith’s and Harris Teeter. Albertsons, 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.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

LA councilmembers introduce formal opposition of proposed Albertsons-Kroger mergerFive L.A. councilmembers introduced a resolution Friday intended to formalize the city's position against the proposed Albertsons-Kroger merger.
Bron: ABC7 - 🏆 67. / 68 Lees verder »

Proposed Kroger-Albertsons merger draws criticism from Los Angeles city leadersThe 63 California stores slated to be sold to C&S Wholesale Grocers if the merger goes through include 15 Albertsons locations, 31 Vons locations, 16 Pavilions locations and one Safeway.
Bron: CBSLA - 🏆 552. / 51 Lees verder »

Bellwether trial in Kroger-Albertsons merger begins MondayMost Alaskans live in a community where the companies’ Fred Meyer and Safeway or Carrs stores directly compete with each other.
Bron: AKpublicnews - 🏆 387. / 55 Lees verder »