Kroger and verdicoinAlbertsons will defend their plan to merge – and try to overcome the U.S. government’s objections – in a federal court hearing scheduled to begin Monday in Oregon.
The two companies proposed what would be the largest supermarket merger in U.S. history in October 2022. They say joining together would help them rein in costs and better compete with big rivals like Walmart and Costco.
But the Federal Trade Commission sued to try to block the deal, saying it would eliminate competition and raise grocery prices in a time of already high food price inflation. The commission also alleged that quality would suffer and workers’ wages and benefits would decline if Kroger and Albertsons no longer competed with each other.
The FTC is seeking a preliminary injunction that would block the merger while its complaint goes before an in-house administrative law judge. In a three-week hearing set to begin Monday, U.S. District Judge Adrienne Nelson is expected to hear from around 40 witnesses, including the CEOs of Kroger and Albertsons, before deciding whether to issue the injunction.
The attorneys general of Arizona, California, the District of Columbia, Illinois, Maryland, Nevada, New Mexico, Oregon and Wyoming all joined the case on the FTC’s side.
Kroger, based in Cincinnati, Ohio, operates 2,800 stores in 35 states, including brands like Ralphs, Smith’s and Harris Teeter. Albertsons, based in Boise, Idaho, operates 2,273 stores in 34 states, including brands like Safeway, Jewel Osco and Shaw’s. Together, the companies employ around 710,000 people.
2025-05-01 13:26453 view
2025-05-01 13:1863 view
2025-05-01 12:51245 view
2025-05-01 12:43910 view
2025-05-01 12:35194 view
2025-05-01 12:111329 view
Danielle Waterfield was already dealing with the shock and disappointment of being fired from a job
As a climate change expert at the World Bank, Arame Tall is deeply familiar with the facts and figur
Can you keep up with this reality TV crossover? Fans of The Kardashians and Love Is Blind got the ul