Hi,
Last week, grocery giants Kroger and Albertsons announced their plan to
merge and form a megacorporation. The move would combine Safeway, Ralphs,
Smith’s, Fred Meyer, Vons, Kings, Haggen, Tom Thumb, Harris Teeter,
Dillons, Star Market, Jewel-Osco, Shaw’s, and more into a single
corporation.^1
The costs to consumers would be catastrophic. The profits for shareholders
would be enormous. We need to make sure the Federal Trade Commission
blocks this anticompetitive and disastrous deal!
[ [link removed] ]Sign the petition: The FTC must thoroughly investigate the proposed
Kroger-Albertsons merger!
ADD YOUR NAME
Grocery corporations are already taking advantage of inflation to
artificially inflate food prices — prices have gone up 11% in the past
year alone.^1 The Kroger-Albertsons deal would leave Americans even more
vulnerable to corporate price gouging. We’d likely see “higher prices,
employee layoffs and weaker supply chains”, Senator Elizabeth Warren
explained.^2
Kroger and Albertsons are trying to use a weird trick to deceive consumers
about what’s actually happening. They’re promising they’ll “spin off” some
of the grocery stores into a separate entity that will supposedly compete
with Kroger-Albertsons grocery stores.^2
We saw this move back in 2014 when Albertsons acquired Safeway.
Unsurprisingly, the least profitable stores were “spun off”; many failed;
and giant food deserts resulted, forcing people to travel long distances
for groceries or even rely on food banks for food.^3 The FTC can’t fall
for this head-fake. Send a message to the FTC: we support a thorough
investigation into this proposed merger!
[ [link removed] ]Sign the petition: The FTC must thoroughly investigate the proposed
Kroger-Albertsons merger!
Thanks for taking action,
Izzi and the team at Demand Progress
[ [link removed] ]DONATE
Sources:
1. New York Times, “Kroger and Albertsons Plan $25 Billion Supermarket
Merger That May Face Hurdles,” [ [link removed] ]October 14, 2022.
2. Big by Matt Stoller, “The Smash and Grab of Kroger-Albertsons,”
[ [link removed] ]October 18, 2022.
3. Colorado Trust, “Why Safeways Keep Closing in Colorado,” [ [link removed] ]July 2,
2019.
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