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

  • 📰 Mynorthwest
  • ⏱ Reading Time:
  • 23 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 53%

Mynorthwest.Com - Seattle News Новости

Sports,Weather,Traffic

Kroger and Albertsons defended their plan to merge – and tried to overcome the U.S. government’s objections – in a federal court hearing that began Monday.

Storefronts and signs of a Safeway and a QFC. Safeway is owned by Albertsons while QFC is owned by Kroger. 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.. In the three-week hearing that opened Monday, the FTC is seeking a preliminary injunction that would block the deal while its complaint goes before an in-house administrative law judge.

The commission also alleges that workers’ wages and benefits would decline if Kroger and Albertsons no longer compete with each other. The labor union also expressed concern that potential store closures could create so-called food and pharmacy “deserts” for consumers. U.S. District Judge Adrienne Nelson is expected to hear from around 40 witnesses, including the CEOs of Kroger and Albertsons, before deciding whether to issue the injunction.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 438. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

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.
Источник: KTOOpubmedia - 🏆 439. / 53 Прочитайте больше »

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.
Источник: AKpublicnews - 🏆 387. / 55 Прочитайте больше »