Five L.A. councilmembers introduced a resolution Friday intended to formalize the city's position against the proposed Albertsons-Kroger merger.
Five L.A. councilmembers introduced a resolution Friday intended to formalize the city's position against the proposed Albertsons-Kroger merger.Five Los Angeles councilmembers 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.
Kroger's CEO said there would be no store closures and frontline employees will remain employed if the merger is allowed to happen. The councilwoman has concerns that these stores located in the city may be sold, closed, terminate union labor or that the underlying real estate will be sold for future development.
"The rising prices of groceries is hard on all of us. However, as a city, we must work to protect our vulnerable. When two of the largest grocery chains in the country combine their power, our community members suffer,'' she added.
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