},{ "name":"Editor Picks", "component":"17105533", "insertPoint":"4", "requiredCountToDisplay":"1", "watchElement":".
Of the 28 Lone Star State Kroger and Albertsons locations set to be sold to New Hampshire-based C&S Wholesalers, 26 are located in North Texas. That number is part of more than 500 stores the two chains plan to unload to make the proposed merger more viable before a court date in August with the Federal Trade Commission .
In February, the FTC filed a lawsuit against Kroger and Albertsons to prevent the merger, which was announced in October 2022, alleging it would lead to anti-competitive practices. “he proposed deal will eliminate fierce competition between Kroger and Albertsons, leading to higher prices for groceries and other essential household items for millions of Americans,” an FTC press release in February stated. “The loss of competition will also lead to lower quality products and services, while also narrowing consumers’ choices for where to shop for groceries.”
Monopolistic concerns were shared by more than just the feds. In March, Lisa Gilbert, the executive vice president of Public Citizen, a nonprofit consumer advocacy organization, told thethat two such titans joining together would be less than ideal for consumers in a rather simple equation.The number of Texas stores affected by the sale plans is well below the 124 locations in Washington that are to be a part of the transaction.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: adndotcom - 🏆 293. / 63 Read more »
Source: wsyx6 - 🏆 444. / 53 Read more »