Wednesday, February 8, 2023
  • Login
CEO North America
  • Home
  • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
    • Environment
  • Opinion
  • News
  • Multimedia
No Result
View All Result
  • Home
  • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
    • Environment
  • Opinion
  • News
  • Multimedia
No Result
View All Result
CEO North America
No Result
View All Result

Will Antitrust Enforcers Block Kroger’s Purchase of Albertsons? 

in News
Will antitrust enforcers block kroger’s purchase of albertsons?  
Share on FacebookShare on Twitter

Kroger’s October announcement about its $25 Billion merger agreement with Albertson’s is getting significant pushback from employees and lawmakers. The merger, slated to be complete in 2024, would give Kroger control of  22% of the grocery market. 

The company says operating on this scope will give them the resources and purchasing power to compete against larger chains and benefit shoppers, workers, and communities. 

However, many argue that when a marketplace consists of nothing more than a handful of behemoths, rising prices, low wages, inferior working conditions, and the edging out of vulnerable small and mid-sized retailers often follow. According to a consumer advocacy group Food & Water Watch report, the number of grocery stores declined by about 30% between 1994 and 2019.

The merger announcement may have drawn additional ire because it came at a time when inflation is making it hard for many Americans to feed their families. According to the October Consumer Price Index, cereal and milk, for example, are over 15 percent more expensive than they were a year ago.

On Tuesday, leaders of the two companies defended their proposed merger at a congressional hearing in Washington. That hearing may have been a preview of the antitrust battle to come. 

Tags: AlbertsonsKrogerMerger

Related Posts

Super bowl betting projected to reach $16 billion this year
News

Super Bowl betting projected to reach $16 billion this year

Ev batteries getting second life on california power grid
News

EV batteries getting second life on California power grid

Microsoft investigates outlook outage as users face issues
News

Microsoft investigates Outlook outage as users face issues

Public storage makes $11 billion hostile bid for life storage
News

Public Storage makes $11 billion hostile bid for Life Storage

Drug companies face covid cliff in 2023 as sales set to plummet
News

Drug companies face COVID cliff in 2023 as sales set to plummet

Dell to slash over 6,000 jobs amid ‘uncertain market future’
News

Dell to slash over 6,000 jobs amid ‘uncertain market future’

U. S. Reports blowout job growth; unemployment rate lowest since 1969
News

U.S. reports blowout job growth; unemployment rate lowest since 1969

Honda issues ‘do not drive’ warning for 8,200 u. S. Vehicles over air bag risks
News

Honda issues ‘Do Not Drive’ warning for 8,200 U.S. vehicles over air bag risks

Dollar jumps as u. S. Employers add more jobs than expected in january
News

Dollar jumps as U.S. employers add more jobs than expected in January

Mortgage rates fall to the 5% range for first time since september
News

Mortgage rates fall to the 5% range for first time since September

No Result
View All Result

Recent Posts

  • Super Bowl betting projected to reach $16 billion this year
  • EV batteries getting second life on California power grid
  • 4 Surprises All Leaders Face
  • What’s hot this year in supply chain technology
  • Microsoft investigates Outlook outage as users face issues

Recent Comments

    Archives

    Categories

    • Art & Culture
    • Business
    • CEO Interviews
    • CEO Life
    • Editor´s Choice
    • Entrepreneur
    • Environment
    • Food
    • Health
    • Highlights
    • Industry
    • Innovation
    • Issues
    • Management & Leadership
    • Multimedia
    • News
    • Opinion
    • PrimeZone
    • Printed Version
    • Travel
    • Uncategorized

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    • CONTACT
    • GENERAL ENQUIRIES
    • ADVERTISING
    • MEDIA KIT
    • DIRECTORY
    • TERMS AND CONDITIONS

    Editorials – stuart.james@ceo-na.com

    Editor-In-Chief – caroline.sposto@ceo-na.com

    Editorials – editorials@ceo-na.com

    Advertising – media@ceo-na.com

    NEW YORK

    110 Wall St.,
    3rd Floor
    New York, NY.
    10005
    USA
    +1 212 432 5800

     

    MEXICO CITY

    Paseo de la Reforma 296,
    Floor 38
    Mexico City
    06600
    MEXICO

    • CONTACT
    • GENERAL ENQUIRIES
    • ADVERTISING
    • MEDIA KIT
    • DIRECTORY
    • TERMS AND CONDITIONS

    Editorials –
    stuart.james@ceo-na.com

    Editor-In-Chief –

    caroline.sposto@ceo-na.com

    Editorials – editorials@ceo-na.com

    Advertising –
    media@ceo-na.com

    NEW YORK

    110 Wall St.,
    3rd Floor
    New York, NY.
    10005
    USA
    +1 212 432 5800

    MEXICO CITY

    Paseo de la Reforma 296,
    Floor 38
    Mexico City
    06600
    MEXICO

    CEO North America © 2022 - Sitemap

    No Result
    View All Result
    • Home
    • Business
      • Entrepreneur
      • Industry
      • Innovation
      • Management & Leadership
    • CEO Interviews
    • CEO Life
      • Art & Culture
      • Food
      • Health
      • Travel
      • Environment
    • Opinion
    • News
    • Multimedia

    © 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In