'At a moment when American families are already struggling with skyrocketing food prices from a hyper-consolidated grocery industry, the notion of another megamerger between corporate food giants couldn't be more alarming,' said GreenMitchJones.
"There is no reason to allow two of the biggest supermarket chains in the country to merge—especially with food prices already soaring," said one policy analyst.Warning that a potential merger between Kroger and Albertsons—two of the nation's largest grocery chains—would hurt workers and force consumers to endure even more
, which has intensified following years of supermarket consolidation, progressives on Thursday implored the Biden administration to nix the deal if finalized.
Cincinnati-based Kroger, the nation's second-biggest grocery store behind Walmart, controls 9.9% of the market and is valued at $32.5 billion. Boise-based Albertsons, the fourth-largest grocer with a 5.7% market share, is worth $15.2 billion. Kroger and its subsidiaries employ around 420,000 workers in almost 2,800 stores across 35 states. Albertsons and its banners employ approximately 290,000 workers at more than 2,200 stores in 34 states plus Washington, D.C.
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Reports: Kroger may buy Albertsons in grocery megamergerKroger is reportedly in talks to buy Albertsons in a deal that would combine two of the nation's largest grocery chains.
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Albertsons Merger With Kroger Could Be Announced This WeekAlbertsons’ stock jumped and was briefly halted after news that the grocery chain may get acquired by grocery giant Kroger.
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Kroger wants to merge with Albertsons to create U.S. grocery giantKroger Co. is in talks about a tie-up with rival Albertsons Cos. in a deal that would create a US grocery giant, people familiar with the matter said.
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US grocer Kroger in talks to merge with rival AlbertsonsU.S. grocery giant Kroger Co. is in talks to merge with smaller rival Albertsons Companies, Inc., Bloomberg News reported Thursday, citing people familiar with the matter.
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Ralphs supermarkets owner Kroger wants to merge with rival Albertsons to create a U.S. grocery giantKroger Co. is in talks about combining with Albertsons Cos. in a deal that would create a U.S. grocery giant, people familiar with the matter said.
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