Kroger-Albertsons merger could raise grocery costs, FTC ... - CBS News
WEB1 day ago · FTC Chair Lina Khan wants to keep fighting non-competes. The FTC grocery suit focuses on Kroger, which owns Ralph's; and Albertsons, which owns Safeway. Together, the two companies have nearly ...
Kroger-Albertsons merger could increase grocery costs, FTC
WEB1 day ago · Screenshot: CBS/"60 Minutes. Federal Trade Commission Chair Lina Khan suggested in an interview broadcast Sunday that the largest-ever proposed grocery merger could increase shopping costs. Why it matters: The trial of the proposed merger of Kroger and Albertsons wrapped up last week and if the court sides with the FTC and grants an …
What's happening with the Kroger Albertsons merger - USA TODAY
WEBSep 11, 2024 · First announced in October 2022, Cincinnati-based Kroger wants to buy all outstanding shares of Boise, Idaho-based Albertsons, adding most of its employees and stores to its supermarket...
CEOs of Albertsons and Kroger says shoppers ... - Associated Press News
WEBSep 5, 2024 · PORTLAND, Ore. (AP) — The chief executive officers of Kroger and Albertsons insisted Wednesday — under questioning from the federal government — that merging would allow the two supermarket companies to lower prices and more effectively compete with retail giants like Walmart, Costco and Amazon.
Kroger CEO discusses Albertsons merger progress, Q2 results ...
WEBSep 16, 2024 · Kroger has made moves on the financing side to get ready for the deal to close, too. It completed a $10.5 billion public debt offering in late August and wrapped up a $5 billion revolving credit ...
Kroger CEO defends potential Albertsons merger in federal court ...
WEBSep 5, 2024 · Kroger CEO Rodney McMullen argued in favor of what would be the largest grocery chain merger in U.S. history while testifying during a federal court hearing in Oregon on the U.S. government's...
Kroger, Albertsons and C&S Statement on Merger Timeline to Close
WEBJan 15, 2024 · Kroger is committed to protecting good-paying union jobs, with no store closures or frontline associates laid off as a result of the merger. In addition, Kroger will invest an incremental $1 billion to raise wages and comprehensive benefits for all associates post-close.
Kroger, Albertsons Companies and C&S Wholesale Grocers, LLC …
WEBApr 22, 2024 · The Kroger Co. (NYSE: KR) and Albertsons Companies Inc. (NYSE: ACI) announced today that they have amended their definitive agreement with C&S Wholesale Grocers, LLC (C&S) for the sale of assets...
Kroger and Albertsons Companies Announce Definitive Merger …
WEBOct 14, 2022 · Kroger and Albertsons Companies Announce Definitive Merger Agreement. October 14, 2022. Establishes National Footprint to Serve America with Fresh, Affordable Food for Everyone. Combines Two Companies with Shared Values to Unite Around Kroger's Purpose to Feed the Human Spirit.
Kroger Albertsons merger: What we know so far about the …
WEBJan 21, 2024 · Kroger and Albertsons say shoppers will enjoy lower prices after they merge. The two companies have said they’ll “invest” $500 million in lowering prices on items on shelves.