FTC Says NO! to Kroger/Albertson Merger

The Federal Trade Commission (FTC) has taken a decisive step in blocking Kroger’s $24.6 billion acquisition of Albertsons, which would have been the largest supermarket merger in U.S. history. According to the FTC, this merger could drastically reduce competition in the grocery industry, potentially leading to higher prices for consumers and worse conditions for employees.

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Northwest · M

Hurray, in general and locally, as that merger would have left large parts of Washington State with only a single grocery store.

I don't get how Kroger claimed there was no price fixing.

In my neighborhood, they had several stores: QFC, Fred Meyer and Albertson's.

A loaf of a local artisan bread sold for $2.99 at Fred Meyer and $4.50 at QFC and it was all about the demographics of the few blocks served by Fred Meyer versus the few blocks served by QFC, even though they were only 2 miles apart. And that's just one example.

Crazywaterspring · 61-69, M

That is great news! Let's hope a potential President Harris keeps Lina Khan in charge of the FTC. Many of her millionaire supporters are pressuring her to replace Ms. Khan. Big business hates not being able to do anything they want.

bijouxbroussard · F

Good, for those who use Kroger. When Albertsons merges with a company, that company’s quality seems to decrease. They ruined Lucky’s.

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