Two Democratic Alaska lawmakers are urging the Federal Trade Commission to block a proposed merger between grocery giants Kroger and Albertsons.
But Fields does not buy that argument. Alaskans already pay some of the highest grocery prices in the country, and Fields worries the merger would send prices significantly higher. He says mergers like these generally result in price spikes.
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Anchorage lawmakers ask FTC to block Kroger-Albertsons mergerReps. Ivy Spohnholz and Zack Fields say the buyout would eliminate competition among Carrs and Fred Meyer, two of Alaska’s biggest grocery chains. Corporate monopolies are a major driver of inflation. At $3.00 for canned corn we are doomed Good!
Source: AKpublicnews - 🏆 387. / 55 Read more »
Jewel was founded over a century ago. With Kroger-Albertsons merger looming, Chicago’s hometown grocer is once again poised for change.The parent companies of Mariano’s and Jewel are likely to divest some stores in the Chicago area in order for the merger to get antitrust approval, raising questions about what Chicago’s hometown grocer will look like when and if the deal goes through.
Source: ChicagoBreaking - 🏆 521. / 51 Read more »