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U.S. lawmakers send letter to FTC protesting Kroger, Albertsons merger | Supermarket News

U.S. lawmakers send letter to FTC protesting Kroger, Albertsons merger | Supermarket News

Six U.S. lawmakers, including Sens. Elizabeth Warren, Mazie Hirono, Bernie Sanders, and Cory Booker, along with representatives Summer Lee and Alexandria Ocasio-Cortez, have raised concerns about the proposed $24.6 billion merger between Kroger and Albertsons. They’ve sent a letter to the Federal Trade Commission (FTC) opposing the deal. The lawmakers argue that the divestiture of 413 Kroger and Albertsons stores to C&S Wholesale Grocers, intended to address antitrust concerns, may not sufficiently mitigate the negative impacts the merger could have on consumers, workers, and the grocery industry as a whole.

One of their primary concerns is that divestiture strategies often fail to maintain competitive conditions, as the companies involved may not have a strong incentive to ensure the success of the businesses they spin off. Kroger has claimed that it has met all antitrust law requirements, including the sale of stores to C&S Wholesale Grocers, and the FTC is now set to decide on the merger by December 15th.

Interestingly, local United Food and Commercial Workers (UFCW) unions have also supported a report suggesting that the Kroger-Albertsons merger could negatively affect the labor market. The report indicates that union workers may have better bargaining power when dealing with two smaller industry players than a large grocery conglomerate. Additionally, the research suggests that consolidation of this kind could adversely affect workers’ earnings, work hours, and job quality………full-loaf-600x400-1-e1700879832480 U.S. lawmakers send letter to FTC protesting Kroger, Albertsons merger | Supermarket News[read more]

Rising-Dough-e1700879911412 U.S. lawmakers send letter to FTC protesting Kroger, Albertsons merger | Supermarket NewsHow can regulatory bodies strike a balance between promoting competition in the business world and ensuring the welfare of workers and consumers when evaluating mergers and acquisitions in the market?

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