We have to act fast to stop another anti-consumer, anti-worker corporate merger.
Grocery giant Kroger is trying to buy rival Albertsons for $24.6 billion.
The deal would create a single behemoth that would have immense market power — meaning higher food prices (which are already skyrocketing) and less choice for American consumers, especially those in rural and lower-income areas.
Both of these companies have already acquired other grocery retailers, so the proposed merger involves not just Kroger and Albertsons locations, but every one of these chains as well (all told, some 5,000 stores nationwide):
- Acme
- Amigos
- Baker’s
- Balducci’s
- Carrs
- City Market
- Dillons
- Food 4 Less
- Fred Meyer
- Fry’s
- Gerbes
- Haggen
- Harris Teeter
- Jay C
- Jewel-Osco
- King Soopers
- Kings Food Markets
- Mariano’s
- Market Street
- QFC
- Pavilions
- Pay Less
- Pick ‘n Save
- Ralphs
- Randalls
- Ruler Foods
- Safeway
- Shaw’s
- Smith’s
- Star Market
- Tom Thumb
- United Supermarkets
- Vons
Senator Elizabeth Warren noted that grocery giants like Kroger and Albertsons are already “price-gouging families with inflated food prices,” adding that “further corporate consolidation would result in higher prices, employee layoffs, and weaker supply chains.”
Public Citizen issued this statement:
With food prices rising, the last thing Americans need is a supermarket merger that will spike food prices even further. Rejecting the proposed merger between grocery titans Kroger and Albertsons should be a no-brainer for federal antitrust officials.
Click now to add your name as a citizen co-signer of our statement urging the Federal Trade Commission* to reject the anti-consumer merger between grocery titans Kroger and Albertsons.
Thanks for taking action.
For progress,
- Robert Weissman, President of Public Citizen
*The Federal Trade Commission is the government agency in charge of enforcing our nation’s critical antitrust (a.k.a. anti-monopoly) and consumer protection laws.
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