In an historic ruling for labor and antitrust advocates, a federal judge blocked the $25 billion merger of grocery giants Kroger and Albertsons.
A version of this article originally appeared in Quartz’s members-only Weekend Brief newsletter. Quartz members get access to ...
The FTC sued in February to halt on antitrust grounds downtown Cincinnati-based Kroger’s (NYSE: KR) plans to buy Boise, Idaho-based rival Albertsons (NYSE: ACI) in a deal involving the nation ...
In its efforts to block the acquisition the FTC said the deal would reduce competition as well as lead to higher prices for US grocery shoppers and lower wages for workers. "Kroger and Albertsons ...
The proposed $24.6 billion merger between supermarket giants Kroger and Albertsons floundered on Tuesday after judges ...
When Kroger acquired Fred Meyer in 1999, the largest supermarket merger ever at the time, the FTC’s only stipulation was that the companies divest eight of their combined 2,200 stores.
The FTC, joined by eight states and the District of Columbia, argued that allowing the Kroger-Albertsons deal to go forward would give consumers — who have already seen grocery prices surge by ...
The FTC also raised concerns about the potential harm to grocery workers, claiming the merger would diminish their bargaining power for better wages and working conditions. Kroger and Albertsons ...
The federal case now moves to the FTC, although Kroger and Albertsons have asked a different federal judge to block the in-house proceedings. Colorado is also trying to halt the merger in its own ...