February 26, 2024<\/p>\n
Media contact: National Consumers League \u2013 Melody Merin, melodym@nclnet.org, 202-207-2831<\/p>\n
Washington, DC \u2013 Today, the Federal Trade Commission (FTC) and bipartisan state attorneys general sued to block the proposed merger between Kroger and Albertsons. The $24.6 billion deal\u2014the largest supermarket merger in U.S. history\u2014would create a near monopoly by consolidating 5,000 stores and 4,000 pharmacies under one corporation. Without FTC action, consumers would see inflated prices and workers would be stuck with anticompetitive compensation.<\/p>\n
\u201cDecades of ignoring federal law have allowed industry consolidation to grow unchecked, leaving everyone worse off except for a handful of executives at the top,\u201d said NCL CEO Sally Greenberg. \u201cThe FTC is rightfully asserting its authority and putting the interest of consumers and workers first. Monopolists should know that they can no longer take advantage of the American public without facing legal challenges.\u201d<\/p>\n
The proposed deal would eliminate competition between Kroger (including Fred Meyer, Fry\u2019s, and Harris Teer) and Albertsons (among its subsidiaries are Haggen, Safeway, and Vons). Last year, a coalition<\/a> including NCL and 250 national, state, and local organizations urged the FTC to prevent this merger from taking place. Joining the FTC\u2019s lawsuit are bipartisan attorneys general representing Arizona, California, D.C., Illinois, Maryland, Nevada, New Mexico, Oregon, and Wyoming.<\/p>\n ###<\/p>\n About the National Consumers League (NCL)<\/strong><\/p>\n The National Consumers League, founded in 1899, is America\u2019s pioneer consumer organization.\u00a0 Our mission is to protect and promote social and economic justice for consumers and workers in the United States and abroad.\u00a0 For more information, visit nclnet.org<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Today, the Federal Trade Commission and bipartisan state attorneys general sued to block the proposed merger between Kroger and Albertsons.<\/p>\n","protected":false},"author":10,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_price":"","_stock":"","_tribe_ticket_header":"","_tribe_default_ticket_provider":"","_tribe_ticket_capacity":"0","_ticket_start_date":"","_ticket_end_date":"","_tribe_ticket_show_description":"","_tribe_ticket_show_not_going":false,"_tribe_ticket_use_global_stock":"","_tribe_ticket_global_stock_level":"","_global_stock_mode":"","_global_stock_cap":"","_tribe_rsvp_for_event":"","_tribe_ticket_going_count":"","_tribe_ticket_not_going_count":"","_tribe_tickets_list":"[]","_tribe_ticket_has_attendee_info_fields":false},"categories":[14,315,458,1],"tags":[480,481],"acf":[],"_links":{"self":[{"href":"https:\/\/nclnet.org\/wp-json\/wp\/v2\/posts\/27502"}],"collection":[{"href":"https:\/\/nclnet.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nclnet.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nclnet.org\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/nclnet.org\/wp-json\/wp\/v2\/comments?post=27502"}],"version-history":[{"count":4,"href":"https:\/\/nclnet.org\/wp-json\/wp\/v2\/posts\/27502\/revisions"}],"predecessor-version":[{"id":27515,"href":"https:\/\/nclnet.org\/wp-json\/wp\/v2\/posts\/27502\/revisions\/27515"}],"wp:attachment":[{"href":"https:\/\/nclnet.org\/wp-json\/wp\/v2\/media?parent=27502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nclnet.org\/wp-json\/wp\/v2\/categories?post=27502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nclnet.org\/wp-json\/wp\/v2\/tags?post=27502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}