Kroger's Nearly $25 Billion Merger Is Bad for Shoppers, F.T.C. Says
Briefly

The merger between Kroger and Albertsons, with its potential to raise grocery prices and harm competition, is being contested by the F.T.C., unions, and consumer advocates.
Susan Musser, the F.T.C.'s chief trial counsel, stated the merger would eliminate competition both for shoppers and workers, significantly affecting prices and job conditions in the industry.
Both Kroger and Albertsons argue that their $24.6 billion merger would allow them to better compete against giants like Costco and Amazon, thus improving market conditions.
Vice President Kamala Harris emphasized the importance of a federal ban on price-gouging in the grocery sector, as high food prices remain a central issue in the presidential race.
Read at www.nytimes.com
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