Albertsons

Albertsons And Kroger CEOs Push For Merger Saying It’ll Allow Them To Lower Prices And Better Compete Against Walmart, Costco And Amazon

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Albertsons And Kroger CEOs Push For Merger Saying It’ll Allow Them To Lower Prices And Better Compete Against Walmart, Costco And Amazon

On Wednesday, the CEOs of Kroger and Albertsons defended their proposed merger before federal regulators, claiming it would help lower prices and better position them against retail giants like Walmart, Costco, and Amazon. Kroger CEO Rodney McMullen and Albertsons CEO Vivek Sankaran testified in Oregon’s U.S. District Court in response to the Federal Trade Commission’s … Read more

Albertsons-Kroger grocery merger has no friends among these 5 LA City Council members – Daily News

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Albertsons-Kroger grocery merger has no friends among these 5 LA City Council members – Daily News

Five Los Angeles City Council members introduced a resolution Friday intended to formalize the city’s position against a proposed mega-merger of grocery giants, which would impact 579 stores, including 63 locations in California. During a news conference Friday morning, Councilwoman Traci Park led her colleagues — Heather Hutt, Tim McOsker, John Lee and Hugo Soto-Martinez, … Read more

How the Kroger-Albertsons merger could impact union workers

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How the Kroger-Albertsons merger could impact union workers

Kroger was hoping to finally close its $25 billion acquisition of Albertsons—first announced in 2022—within the coming months. The Federal Trade Commission (FTC), however, had other plans: This week, the agency filed a lawsuit to block the deal, which would be the largest supermarket merger in U.S. history. The lawsuit, which alleges the proposed merger … Read more