If allowed to continue, it would be the largest supermarket merger in U.S. history but there have been multiple legal challenges, and the case is also in federal court as authorities decide whether or not the merger is legal.
Sankaran painted a picture of a highly competitive landscape in the industry that’s put the company in the position of needing this merger to continue to compete and thrive. Washington state has sued to block the merger with the Attorney General’s office alleging this proposed merger is anti-competitive and will have negative effects on employees and customers including raising prices.
But Kroger disputes that, saying they would start lowering prices starting on day one of the merger with a plan to reduce prices on 650 items within 90 days.If the merger goes through, Kroger and Albertsons plan to sell 579 overlapping stores, including 124 in Washington state, to ease regulator concerns, but there are concerns the proposed buyer of those stores is not equipped to run the stores.
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.
Source: AP - 🏆 728. / 51 Read more »