Headlines

FTC Blocks Merger of Kroger and Albertsons

The U.S. Federal Trade Commission (FTC) sued to stop the $24.6 billion deal to merge grocery chains Kroger (Cincinnati) and Albertsons (Boise, ID), according to the Associated Press.

The FTC says the proposed merger eliminates competition within the grocery industry and would increase prices for millions of consumers. If the merger happens, the two companies will control 13 percent of the U.S. grocery market, according to Ken Goldman, an Analyst at J.P. Morgan.

Kroger and Albertsons are two of the largest grocers in the U.S. and agreed to merge in late 2022, saying it would help against other companies such as Walmart and Amazon.

Following the lawsuit’s filing, Kroger and Albertsons said they will challenge the block in court.

VMSD Staff

Drawing on more than 125 years of history serving the retail design market, VMSD magazine provides retail professionals with the most up-to-date, innovative retail design ideas and industry news through its industry-leading magazine, website, social media channels and bulletins.

Recent Posts

Returns Strategies Need Focus

Cross-border shipping challenges can translate into lost business.

7 hours ago

South Coast Plaza Adds Luxury Boutiques

Bvlgari, Cartier and Gucci spaces debut at California complex

3 days ago

Cracker Barrel Testing Reno Prototypes

Updates to 25-30 units part of chain’s strategic transformation plan

3 days ago

Government Stats Show Lower Inflation

Numbers from the census and labor statistics bureaus show little upward movement in prices

3 days ago

At Home Taps Brad Weston as CEO

Exec’s career includes stints at Party City and Petco

4 days ago

Schnucks Ends Eatwell Experiment

Regional grocer closing two natural-foods stores in Missouri

4 days ago

This website uses cookies.