News Formal

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

  • 📰 cbschicago
  • ⏱ Reading Time:
  • 20 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

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.

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:

 /  🏆 546. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Senators Call on the FTC to Investigate Data-Hungry Car CompaniesOur cars are spying on us and two Senators are calling on the FTC to launch an investigation aimed at making it stop.
Source: Gizmodo - 🏆 556. / 51 Read more »