FILE - Vivek Sankaran CEO at Albertsons Companies, speaks during a Senate Judiciary Subcommittee on Competition Policy, Antitrust, and Consumer Rights hearing on the proposed Kroger-Albertsons grocery store merger in Washington, Nov. 29, 2022. PORTLAND, Ore. — The chief executive officers of Kroger and Albertsons were set to testify in federal court Wednesday, midway through a three-week hearing in which the grocery chains have defended their proposed merger from the U.S.
The testimony of Albertsons CEO Vivek Sankaran and Kroger CEO Rodney McMullen was expected to mark a key moment in the hearing, as what they say under oath about prices, potential store closures and the impact on workers will likely be scrutinized in the years ahead if the merger goes through. Albertsons has argued the deal could actually bolster union jobs, since many of it and Kroger’s competitors, like Walmart, have few unionized workers.
C&S CEO Eric Winn, for his part, testified last week in Portland that he thinks his company can be successful in the venture.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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.
Source: ABC7Chicago - 🏆 284. / 63 Read more »
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.
Source: AKNewsNow - 🏆 460. / 53 Read more »
Kroger and 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.
Source: DenverChannel - 🏆 239. / 63 Read more »
Kroger and Albertsons defend merger plan in federal court against regulators’ objectionsA lawyer for supermarket chain Albertsons has told a federal judge that the company might have to lay off workers and close stores if its planned merger with Kroger isn’t allowed to proceed.
Source: adndotcom - 🏆 293. / 63 Read more »
Kroger and Albertsons head to court to defend merger plan against US regulators' objectionsThey say joining together would help them rein in costs and better compete with big rivals like Walmart and Costco.
Source: 10News - 🏆 732. / 50 Read more »
Kroger and Albertsons head to court to defend merger plan against US regulators’ objectionsKroger 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.
Source: Mynorthwest - 🏆 438. / 53 Read more »