The largest proposed grocery store merger in U.S. history is going to court. On one side are supermarket chains Kroger and Albertsons, which say their planned...
The two chains say their planned deal would help them compete against big rivals, but regulators argue it would hurt competition and raise prices.Cincinnati-based Kroger has 2,800 stores in 35 states. Boise, Idaho-based Albertsons has 2,273 stores in 34 states. The companies have about 710,000 employees.On one side are supermarket chains Kroger and Albertsons, which say their planned merger will help them compete against rivals like Costco.
Starting Monday, a federal district court judge in Portland, Oregon, will consider both sides and decide whether to grant the FTC’s request for a preliminary injunction. An injunction would delay the merger while the FTC conducts an in-house case against the deal before an administrative law judge.Kroger, based in Cincinnati, Ohio, operates 2,800 stores in 35 states, including brands like Ralphs, Smith’s and Harris Teeter.
They say a merger also would help them compete with big rivals like Walmart, which now controls around 22% of U.S. grocery sales. Combined, Kroger and Albertsons would control around 13%.Antitrust regulators say the proposed merger would eliminate competition, leading to higher prices, poorer quality and lower wages and benefits for workers. In February, the FTC issued a complaint seeking to block the merger before an administrative judge at the FTC.
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Kroger and Albertsons hope to merge but must face a skeptical US government in court firstThe largest proposed grocery merger in U.S. history is heading to court. On one side are supermarket chains Kroger and Albertsons, which say their planned merger will help them compete against rivals like Costco.
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Kroger and Albertsons hope to merge but must face a skeptical US government in court firstThe largest proposed grocery merger in U.S. history is heading to court.
Read more »
Kroger and Albertsons hope to merge but must face a skeptical US government in court firstThe largest proposed grocery merger in U.S. history is heading to court.
Read more »
Kroger and Albertsons hope to merge but must face a skeptical US government in court firstThe largest proposed grocery store merger in U.S. history is going to court. On one side are supermarket chains Kroger and Albertsons, which say their
Read more »
Kroger and Albertsons hope to merge but must face a skeptical US government in court firstThe largest proposed grocery merger in U.S. history is heading to court.
Read more »
Kroger and Albertsons hope to merge but must face a skeptical US government in court firstA federal judge in Portland, Oregon, is scheduled to consider the case starting Monday and then decide whether to grant the FTC’s request for a preliminary injunction against the merger.
Read more »