Kroger-Albertsons Suit Wields Antitrust to Protect Union Workers

By Danielle Kaye Source: Bloomberg Law The US Federal Trade Commission’s challenge to Kroger Co.'s $24.6 billion acquisition of Albertsons Cos. tees up a new antitrust argument impacting labor markets: The deal would hurt competition among unionized grocery workers. The FTC’s emphasis on the effect on unions brings a fresh [...]

2024-02-29T16:24:13-08:00February 29th, 2024|Tags: , , , |

US sues to block merger of grocery giants Kroger and Albertsons, saying it could push prices higher

By Dee-Ann Durbin Source: Associated Press The Federal Trade Commission sued to block a proposed merger between grocery giants Kroger and Albertsons, saying the $24.6 billion deal would eliminate competition and lead to higher prices for millions of Americans. The FTC filed a lawsuit in U.S. District Court in Oregon [...]

2024-02-26T11:40:09-08:00February 26th, 2024|Tags: , , , |

Is Kroger, Albertsons merger a good deal or rip-off? Lawsuit from feds, states could help shoppers find out.

By Editorial Board Source: Chicago Sun-Times We're pleased that the U.S. Federal Trade Commission and state attorneys general across the country are expected to join forces next week in a lawsuit to block the planned merger of supermarket giants Kroger and Albertsons. Under a plan announced in 2022, Kroger would buy Albertsons [...]

2024-02-21T10:59:54-08:00February 21st, 2024|Tags: , , |

Colorado attorney general announces lawsuit to block Kroger, Albertsons merger

By Jeff Anastasio Source: ABC 7 Denver Kroger’s $20 billion attempt to merge with Albertsons Companies Inc., hit a snag in Colorado on Wednesday as Attorney General Phil Weiser announced a lawsuit to block the supermarket chains from combining. Weiser said the merger of the parent companies of King Soopers/City [...]

2024-02-15T09:58:16-08:00February 15th, 2024|Tags: , , , , |

Kroger’s CFO left for a rival. What does that say about its merger with Albertsons?

Source: Grocery Dive Kroger has been a near-constant lightning rod for attention ever since it announced plans to buy Albertsons more than a year ago, but one of the most electrifying updates surrounding the supermarket giant since it announced the deal struck this week. On Monday afternoon, Kroger announced that [...]

2024-02-12T08:34:15-08:00February 9th, 2024|Tags: , , |

Costco taps former Kroger finance chief to serve as CFO

By Catherine Douglas Moran Source: Grocery Dive Costco announced Tuesday that Richard Galanti is leaving the company after nearly 40 years as its CFO, effective March 15. The club retailer has appointed Gary Millerchip, previously Kroger’s CFO and senior vice president, as Galanti’s successor. Millerchip brings 15 years of experience [...]

2024-02-12T08:32:31-08:00February 7th, 2024|Tags: , |
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