By Bill Wilson
Source: Supermarket News
The list of those against the $24.6 billion Kroger, Albertsons merger continues to grow. The Center for Science in the Public Interest (CSPI), a consumer advocacy organization, is now calling on the Federal Trade Commission to block the merger, stating it “would result in fewer grocery stores and higher food prices — negatively impacting food and nutrition security for consumers around the country.”
In its call for FTC rejection, CSPI said the merger would control 22% of the food retail market and make it the nation’s second-largest food retailer. In addition, post-merger the combined companies plus the largest food retailer, Walmart, would control 55% of the food retail market.