Kroger-Albertsons merger
The Kroger-Albertsons merger is a planned merger between the two American grocery chains which serve most of the country. They want to compete with non-union grocery chain Amazon Fresh, discount department store chains Target and Walmart and warehouse club retail chains Costco and Sam's Club.
In October 2022, Kroger announced that it was buying grocery store chain Albertsons in a deal that valued the company at $24.6 billion.[1]
On November 29, 2022, the chief executives of the two companies went before the antitrust panel of the Senate Judiciary Committee to defend the merger.[2]
In May 2023, the UFCW International announced their opposition to the deal.[3]
In January 2024, Bob Ferguson, the Washington Attorney General filed a lawsuit to stop the merger. [4]
In February 2024, Phil Weiser the Colorado Attorney General filed a lawsuit in an attempt to stop the merger due to his belief that it would greatly reduce competition and harm Coloradans.[5]
References[edit]
- ^ Kang, Jaewon. "Kroger to Buy Albertsons in $24.6 Billion Deal That Would Create New Grocery Giant". WSJ.
- ^ "Albertsons, Kroger CEOs defend $25 bln merger to U.S. Senate committee | Reuters". Reuters.
- ^ Kang, Jaewon. "Biggest Grocery Union Opposes $20 Billion Kroger-Albertsons Deal". WSJ.
- ^ Selyukh, Alina (January 15, 2024). "Warning of higher grocery prices, Washington AG sues to stop Kroger-Albertsons merger". NPR.
- ^ "Colorado attorney general sues to block Kroger-Albertsons merger". February 14, 2024.
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