spot_imgspot_img

Democratic AGs oppose Kroger-Albertsons merger in letter to FTC

(The Center Square) – A group of seven Democratic secretaries of state oppose the Kroger-Albertsons merger due to consumer choice concerns, they say in a letter sent Wednesday to the Federal Trade Commission.

The signees – Colorado Secretary Jena Griswold, Arizona Secretary Adrian Fontes, Vermont Secretary Sarah Copeland-Hanzas, Minnesota Secretary Steve Simon, Rhode Island Secretary Gregg Amore, Maine Secretary Shenna Bellows and New Mexico Secretary Maggie Toulouse Oliver – say the merger could affect up to 4,996 in their seven states.

Kroger currently operates the chains King Soopers, City Market and Fry’s, while Albertsons operates Safeway.

The secretaries argue in the letter to FTC Chair Lina Khan that the merger will result in less consumer choice and “no competitive incentive” for the stores to reduce prices.

“The merger would result in Kroger-Albertsons controlling nearly a quarter of the entire U.S. food retail market – a significant consolidation of the already limited competition within the market,” the secretaries wrote.

Secretary Griswold in a statement called on the federal government to step in and “ensure that corporate greed does not result in executives and shareholders enriching themselves while hardworking Americans pay artificially high prices for basic necessities.”

Attorneys general are also keeping a close eye on the merger. In Colorado, Attorney General Weiser’s office is taking public input across the state on the proposed merger. In Arizona, Attorney General Kris Mayes’ office said in February it was investigating the merger for possible antitrust violations.

DON’T MISS OUT

Be the first to know about the latest news, giveaways, events, and updates from The Black Chronicle!

We don’t spam! Read our privacy policy for more info.

spot_imgspot_img
spot_img

Hot this week

African and Caribbean Nations Call for Reparations for Slave Trade, Propose Global Fund

Nations across Africa and the Caribbean, deeply impacted by...

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

Entertainment district benefits don’t outweigh the cost, economists say

(The Center Square) — Weeks later, after more details...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

Hobbs travels to Mexico for conversations with leaders on economy, border

(The Center Square) – Arizona Gov. Katie Hobbs is...

Counties approving resolutions to separate from Chicago could grow

(The Center Square) – Madison County voters are being...

Polling guru, expert picker reveal who will win presidential election

One of America's top polling experts shared his "gut"...

Alternatives to Incarceration Task Force sweats possible funding loss if I-2117 passes

(The Center Square) – The Board for Judicial Administration’s...

Helene: Governor signs $644M aid package

(The Center Square) – The General Assembly’s unanimous passage...

Yost examining ruling that says Ohio’s Heartbeat Law unconstitutional

(The Center Square) – Saying meaning must be given...

Department of Transportation presents priority projects for Baton Rouge area

(The Center Square) — The Louisiana Department of Transportation...

More like this
Related

Hobbs travels to Mexico for conversations with leaders on economy, border

(The Center Square) – Arizona Gov. Katie Hobbs is...

Counties approving resolutions to separate from Chicago could grow

(The Center Square) – Madison County voters are being...

Polling guru, expert picker reveal who will win presidential election

One of America's top polling experts shared his "gut"...