New York CNN —A federal judge in Oregon blocked Kroger’s proposed $25 billion tie-up with Albertsons, ruling that the largest merger in US supermarket history would limit competition and harm consumers.
Small grocery stores strugglingIndependent grocery stores strongly opposed the merger.
Yet consolidation in the grocery sector is growing, and small grocery stores are struggling.
Traditional grocery stores have also lost ground to Walmart, Costco, dollar stores and online retailers during that span.
“Persistently high food prices are hitting Americans hard, and a Kroger-Albertsons mega-merger would have only made it worse,” Food & Water Watch senior food policy analyst Rebecca Wolf said in a statement Tuesday
Persons:
Kroger’s, Harris Teeter, Fred Meyer, Kroger, Rodney McMullen, Adrienne Nelson, Democratic Sen, Elizabeth Warren of, Republican Sen, Mike Lee of, ”, Judge Nelson, “, Lina Khan, Judge Nelson’s, Rebecca Wolf
Organizations:
New, New York CNN, Albertsons, Safeway, Vons, Supermarkets, Kroger, Walmart, Amazon, Costco, Unions, Democrats, Republicans, Capitol, Democratic, Republican, Federal Trade Commission, FTC, S Wholesale Grocers, Google, Agriculture Department, Water Watch
Locations:
New York, Oregon, Aldi, Elizabeth Warren of Massachusetts, Mike Lee of Utah