Jewel and Mariano's parent companies head to court to defend merger plan

📆 8/26/2024 8:54 AM
📰 cbschicago

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Federal Trade Commission News

Jewel-Osco,Kroger

The FTC is seeking to block the merger, arguing it would eliminate competition between the supermarket chains and would lead to even higher prices for shoppers.

CHICAGO -- Kroger and Albertsons – the parent companies of the Mariano's and Jewel grocery store chains, respectively – head to court on Monday to face off with federal regulators over the fate of what would be the largest grocery store merger in American history.The Federal Trade Commission has asked for a preliminary injunction to block the merger, arguing it would eliminate competition between the supermarket chains and would lead to even higher prices for shoppers.

Together, the companies employ around 710,000 people, and operate nearly 5,000 stores, along with roughly 4,000 pharmacies. Cincinnati-based Kroger operates around 2,800 stores in 35 states, including the Mariano's, Harris Teter, Ralph's, and Smith's brand. Boise-based Albertsons runs about 2,200 stores in 34 states, including the Jewel-Osco and Safeway brands.

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