Where Americans shop — and how much they pay — for groceries could hinge on the outcome of a trial starting Monday over whether the proposed merger of supermarket giants Kroger and Albertsons is likely to raise prices for consumers.
Kroger and Albertsons are selling 579 stores to C&S Wholesale Grocers. The largest grocery store merger in the country still needs federal approval from the Federal Trade Commission.
As Kroger and Albertsons await a decision from government officials regarding the merger of the two grocery giants, officials with the former are claiming the union will have several benefits including lower prices for shoppers. "We believe the way to be America's best grocer is to provide great...
As the clock ticks towards the February 28 deadline and with legal action looming, the fate of the Kroger-Albertsons merger hangs in the balance, poised to reshape the dynamics of the grocery retail landscape pending reg...
Grocers Kroger and Albertsons are selling more than 400 stores and other assets to C&S Wholesale Grocers in an approximately $1.9 billion deal as part of their efforts to complete their merger.
Kroger CEO Rodney McMullen argued in favor of what would be thelargest grocery chain mergerin U.S. history while testifying during a federal court hearing in Oregon on theU.S. government's requestfor a preliminary injunction that would block the $24.6 billion deal....
“We have serious concerns about the proposed transaction between Kroger and Albertsons,” Senators Amy Klobuchar of Minnesota and Mike Lee of Utah said in a joint statement. “We will hold a hearing focused on this propos...
“Although Kroger has stated it will pass consolidation savings on to customers, economic studies have shown that post-merger prices do not decrease but rather increase,” the lawsuit alleges. The combined company, they say, would own some 36% of all U.S. supermarkets, lessening competition ...
US competition officials at the FTC have moved to block the merger between Kroger and Albertsons, two of the country’s largest retailers.
However, a planned merger with Kroger, another leading supermarket chain in the United States, is expected to shake up the country's retail market. With more than 2,270 stores and 290,000 employees, Albertsons is already one of the largest supermarket chains in North America. Kroger, on the...