The chief executive officer of Kroger insisted Wednesday that merging with rival Albertsons would allow the two supermarket companies to lower prices and more effectively compete with retail giants like Walmart, Costco and Amazon.Kroger CEO Rodney McMullen argued in favor of what would be the largest grocery chain merger in U.S. history while testifying during a federal court hearing in Oregon on the U.S. government's request for a preliminary injunction that would block the $24.
According to figures included in the document, Albertsons is Kroger's biggest competitor in multiple metropolitan areas, including Portland.A Kroger attorney countered by saying that Walmart remains Kroger's largest competitor in a majority of markets around the country.The FTC and labor union leaders also claim that workers' wages and benefits would decline if Kroger and Albertsons no longer compete with each other.
ہم نے اس خبر کا خلاصہ کیا ہے تاکہ آپ اسے جلدی سے پڑھ سکیں۔ اگر آپ خبر میں دلچسپی رکھتے ہیں تو آپ مکمل متن یہاں پڑھ سکتے ہیں۔ مزید پڑھ:
پاکستان تازہ ترین خبریں, پاکستان عنوانات
Similar News:آپ اس سے ملتی جلتی خبریں بھی پڑھ سکتے ہیں جو ہم نے دوسرے خبروں کے ذرائع سے جمع کی ہیں۔
Kroger CEO defends potential Albertsons merger in federal court testimony: 'We will begin lowering prices'The $24.6 billion Kroger-Albertsons deal would be the largest grocery chain merger in U.S. history.
ذریعہ: CBSNews - 🏆 87. / 68 مزید پڑھ »
Labor takes spotlight in Kroger-Albertsons merger hearing as Oregon Fred Meyer workers begin strikeThe leader of striking Oregon grocery workers argued the proposed merger would undermine unions ability to bargain, while a top Kroger labor relations official said unions would remain formidable even if the merger were approved.
ذریعہ: adndotcom - 🏆 293. / 63 مزید پڑھ »
Kroger vows to terminate Albertsons merger if federal judge delays its closingConnect with Dan
ذریعہ: abc15 - 🏆 263. / 63 مزید پڑھ »
Kroger, Albertsons defend merger plan in federal court against US regulators' objectionsSupermarket chain Albertsons told a federal judge Monday that it might have to lay off workers, close stores and even exit some markets if its planned merger with Kroger isn't allowed to proceed.
ذریعہ: ABC7Chicago - 🏆 284. / 63 مزید پڑھ »
Kroger, Albertsons defend merger plan in federal court against US regulators’ objectionsIn the three-week hearing that opened Monday, the FTC is seeking a preliminary injunction that would block the merger while its complaint goes before an in-house administrative law judge.
ذریعہ: AKNewsNow - 🏆 460. / 53 مزید پڑھ »