Hi,
The proposed Kroger-Albertsons merger is a $25-billion
corporate-consolidation nightmare that could send grocery prices even
further into the stratosphere. But we're gaining serious momentum to stop
it.
First, two health-care giants, Cigna and Humana, abandoned their own plan
to merge — at least in part because they worried that the Federal Trade
Commission would stop it.^1 Then, the FTC came out with strong new
guidelines, challenging mergers that will hurt consumers and workers.^2
Now we've gotten word that the FTC has decided to take another month to
review the disastrous Kroger-Albertsons deal.^3
We've already mobilized tens of thousands of supporters in opposition to
the grocery giant megamerger. Now we have until January 17 to really turn
up the heat.
[ [link removed] ]Will you make a donation to Demand Progress Action and support our
work, including stopping the Kroger-Albertsons megamerger?
[ [link removed] ]Donate $10
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Kroger is the second-largest grocer in the United States behind Walmart,
and Albertsons is fourth. Together, Kroger and Albertsons own about 5,000
stores, including those operating as countless other brands, like Safeway
and Harris Teeter.^4
If this merger goes through, just two corporations – the new
Kroger-Albertsons behemoth and Walmart – will control 70 percent of the
market in 167 different cities. In some cities, they'd control over 90
percent!^5
With little to no competition, they could jack up prices as high as they
wanted, and consumers would have no choice but to pay. We can also expect
to see them close stores that are less profitable, leaving people with
fewer options.
But there's good news in our campaign to stop this megamerger. Even before
the FTC issued its strong merger guidelines, FTC Chair Lina Khan expressed
major concerns about the deal.^6 State attorneys general, labor unions,
and consumer groups have all made their voices heard.
Now, with a new deadline of January 17, Demand Progress can turn up the
heat even more by alerting our nearly one million supporters across email
and social media. Will you donate $10?
[ [link removed] ]Yes, I'll chip in $10 to help Demand Progress Action stop
the Kroger-Albertsons merger, and push for other key reforms.
With gratitude for all that you do,
The team at Demand Progress Action
[ [link removed] ]DONATE
Sources:
1. The Wall Street Journal, "Cigna Calls Off Humana Pursuit, Plans Big
Stock Buyback," [ [link removed] ]December 10, 2023.
2. Common Dreams, "FTC-DOJ Merger Guidelines Aim to 'Restore Competition
and Strengthen Democracy,'" [ [link removed] ]December 18, 2023.
3. Cowboy State Daily, "FTC To Delay $25 Billion Albertsons - Kroger
Merger; Study Says It Could Hurt Market," [ [link removed] ]December 20, 2023.
4. Inequality Media, "Think Grocery Prices Are High Now? Just Wait.,"
[ [link removed] ]March 7, 2023.
5. Fast Company, "Why you should worry about the Kroger-Albertsons grocery
store merger,'" [ [link removed] ]October 19, 2022.
6. Supermarket News, "Former FTC policy director: Kroger, Albertsons
merger is facing 'a hurricane storm,'" [ [link removed] ]October 2, 2023.
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