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Kroger and Albertsons: A Grocery Consolidation Disaster
Why the FTC must block this grocery giant merger to protect workers, small businesses, and consumers
Tuesday, November 14, 2:00 PM ET
A year ago, Kroger announced their intention to acquire Albertsons for $24.6 billion [[link removed]] . The transaction would combine the country’s two largest retail grocery chains, exacerbating consolidation in an industry that has seen a 30% reduction in stores since the 1990s. Workers [[link removed]] [[link removed]] could lose $300 million in annual wages, and the deal could create more food and pharmacy deserts, and businesses and producers throughout the food ecosystem will have reduced buying power.
After the announcement, a coalition of more than 100 organizations, representing workers, farmers, ranchers, and independent businesses, launched a campaign [[link removed]] to stop the merger. The coalition members have also raised questions about the proposed C&S divestitures [[link removed]] . The United Food and Commercial Workers (UFCW) International Union also publicly opposes the transaction [[link removed]] .
TOMORROW, November 14th at 2:00 PM ET , join the American Economic Liberties Project and a coalition of UFCW L ocals for a discussion on why the Federal Trade Commission must learn from past mistakes and block this harmful merger. [[link removed]]
RSVP [[link removed]]
The discussion will feature opening remarks from Kim Cordova, President of UFCW Local 7 of Colorado and Wyoming and Vice President of UFCW International, followed by a panel discussion with Farm Action's Joe Van Wye, Economic Liberties' Krista Brown, and Open Markets Institute's Claire Kelloway. We'll then hear brief remarks from a series of consumer advocates and workers on how the proposed merger would affect their work.
We hope you can join us!
Warmly,
Nidhi Hegde
Managing Director
RSVP [[link removed]]
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American Economic Liberties Project
2001 Pennsylvania Ave NW
Suite 540
Washington, DC 20006
United States
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