Kroger-Albertsons mega-merger at risk
The US Federal Trade Commission (FTC) is opposing the controversial merger of the supermarket chains Kroger and Albertsons, fearing it will lead to higher prices for consumers and worse working conditions. Kroger announced in October 2022 that it wanted to buy its rival Albertsons for USD 24.6bn, creating the second-largest US chain with more than 5,000 stores and 700,000 employees in 48 states.
This article is available for reading in Trade magazin 2024/4
Related news
Lavazza Considering Merger with Dallmayr – A European coffee giant may be in the making
Italian coffee group Lavazza is reportedly exploring a merger with…
Read more >Kroger turns to TikTok for private label inspiration
The grocer is debuting a limited-edition collection of foods inspired…
Read more >Albertsons Terminates Merger With Kroger
Albertsons has terminated its $25-billion (€23.7 billion) merger agreement with Kroger after…
Read more >Related news
Leadership change at Fornetti: Nándor Szabó is the new Managing Director
Nándor Szabó will take on the role of CEO of…
Read more >Change in Zwack management: Csaba Belovai is the new CEO of Zwack Unicum Plc.
According to the decision of the owners of Zwack Unicum…
Read more >Kifli’s big summer challenge begins
Imagine summer without queuing, carrying and long shopping lists. Instead,…
Read more >