Today, U.S. District Judge Adrienne Nelson blocked grocery giant Kroger’s plan to acquire Albertsons, finding that the move would limit grocery sector competition.Food & Water Watch Senior Food Policy Analyst Rebecca Wolf issued the following statement:“This decision is a victory for common-sense antitrust enforcement that puts people ahead of corporations. Persistently high food prices are hitting Americans hard, and a Kroger-Albertsons mega-merger would have only made it worse.
”Food & Water Watch research into grocery sector consolidation details how growing market concentration reduces competition, and enables collusion and price fixing, leading to higher food prices for consumers, lower profits for farmers, and rising profits for grocery giants. Today, just four grocery retailers corner around 70 percent of the market.
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Judge blocks Albertsons-Kroger $25 billion supermarket mergerRob Wile is a Pulitzer Prize-winning journalist covering breaking business stories for NBCNews.com.
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