The chief executives of Kroger and Albertsons are set to testify in federal court about their companies' proposed merger. Their testimony comes midway through a three-week hearing in which the grocery chains have defended what would be the largest supermarket merger in U.S. history from the government's attempt to stop it.
FILE - Vivek Sankaran CEO at Albertsons Companies, speaks during a Senate Judiciary Subcommittee on Competition Policy, Antitrust, and Consumer Rights hearing on the proposed Kroger-Albertsons grocery store merger in Washington, Nov. 29, 2022. FILE - Kroger CEO William Rodney McMullen speaks during a Senate Judiciary Subcommittee on Competition Policy, Antitrust, and Consumer Rights hearing on the proposed Kroger-Albertsons grocery store merger on Nov. 29, 2022, in Washington.
During the proceedings, FTC attorneys have noted that Kroger and Albertsons currently compete in 22 states, closely matching each other on price, quality, private label products and services like store pickup. Shoppers benefit from that competition and would lose those benefits if the merger is allowed to proceed, they argued.
Albertsons has argued the deal could actually bolster union jobs, since many of it and Kroger’s competitors, like Walmart, have few unionized workers.on competition policy, antitrust and consumer rights, the Albertsons CEO said his company’s acquisition of brands such as Safeway over the previous decade had allowed it to increase the number of its stores from 192 to 2,300.The FTC alleges that C&S is ill-prepared to take on those stores.
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