The coalition insists that this merger is an obvious monopoly that will lead to “store closures, thousands of lost jobs, and higher food prices.” The group argues that the impacts of the merger will be devastating for workers, farmers, and consumers.Įxecutives at both Kroger and Albertsons are reportedly confident that the merger will be approved by regulators. Katie Porter, who united this month to form a coalition called Stop the Merger. It’s the latter issue that concerns dozens of labor unions, advocacy groups, and elected officials like California Rep. According to the Federal Trade Commission, these laws require big companies to notify the government of their intention to merge, and prohibit mergers in which the result “may be substantially to lessen competition, or tend to create a monopoly.” In order to actually happen, though, the merger needs approval from federal officials, who will determine whether or not such a merger is a violation of the country’s antitrust laws. If the merger is completed in 2024 as its executives expect, Kroger-Albertsons would be the second-largest grocery retail chain in the country, right behind Walmart. In October 2022, Kroger and Albertsons announced that both companies’ respective boards had voted to approve a merger. Together, these two corporate behemoths own more than 5,000 supermarkets across the country, including regional chains like King Soopers, Harris Teeter, Safeway, Ralphs, and Vons, and now they’re looking to consolidate the grocery industry even further by joining forces in a $24.6 billion merger. It’s likely that the place you shop for groceries every week is owned by one of two companies - Kroger, or Albertsons.
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