Kroger and Albertsons defended their plan to merge – and tried to overcome the U.S. government's objections – in a federal court hearing that began Monday in Or
Faye Guenther, president of local UFCW 3000, hugs Carol McMillian, bakery manager at Kroger -owned King Soopers and member of Local 7, after a news conference about the Kroger and Albertsons merger outside the federal courthouse on Monday, Aug. 26, 2024, in Portland, Ore.
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. In the three-week hearing that opened Monday, the FTC is seeking a preliminary injunction that would block the deal while its complaint goes before an in-house administrative law judge.
The commission also alleges that workers' wages and benefits would decline if Kroger and Albertsons no longer compete with each other. The labor union also expressed concern that potential store closures could create so-called food and pharmacy "deserts" for consumers. 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.
Albertsons Merger FTC Court Competition Stores Injunction
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bellwether trial in Kroger-Albertsons merger begins MondayMost Alaskans live in a community where the companies’ Fred Meyer and Safeway or Carrs stores directly compete with each other.
Read more »
Bellwether trial in Kroger-Albertsons merger begins MondayMost Alaskans live in a community where the companies’ Fred Meyer and Safeway or Carrs stores directly compete with each other.
Read more »
Kroger and Albertsons hope to merge but must face a skeptical US government in court firstThe largest proposed grocery store merger in U.S. history is going to court.
Read more »
Kroger and Albertsons hope to merge but first must face skeptical U.S. government in courtThe largest proposed grocery store merger in U.S. history is going to court. On one side are supermarket chains Kroger and Albertsons, which say their planned...
Read more »
Albertsons and Kroger hope to merge but must face a skeptical US government in court firstThe largest proposed grocery store merger in U.S. history is going to court.
Read more »
Kroger and Albertsons hope to merge but must face a skeptical US government in court firstThe largest proposed grocery store merger in U.S. history is going to court.
Read more »