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...

Survey: Small business owners optimistic heading into holiday shopping season

(The Center Square) – Although a new survey reveals...

Delaware-based group spends thousands on candidates across Illinois

(The Center Square) – Several Illinois races are being...

Voters have high number of transit measures in 2024

Voters will decide on $59.2 billion in dedicated, multi-year...

Former Seattle Police Chief Adrian Diaz placed on administrative leave

(The Center Square) – Former Seattle Police Chief Adrian...

California goods inflation down, wages up, fueling possible housing bubble

(The Center Square) - According to new reports from...

Census: Arizona remains a top destination for moving Americans

(The Center Square)— New estimates from the U.S. Census...

Ohio school district adopts controversial ‘Grading for Equity’ policies

A school district outside Cleveland, Ohio, will have staff...

More like this
Related

Survey: Small business owners optimistic heading into holiday shopping season

(The Center Square) – Although a new survey reveals...

Delaware-based group spends thousands on candidates across Illinois

(The Center Square) – Several Illinois races are being...

Voters have high number of transit measures in 2024

Voters will decide on $59.2 billion in dedicated, multi-year...

Former Seattle Police Chief Adrian Diaz placed on administrative leave

(The Center Square) – Former Seattle Police Chief Adrian...