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Kroger Issues Statement on FTC Decision to Block Proposed Merger With Albertsons Companies

Kroger Issues Statement on FTC Decision to Block Proposed Merger With Albertsons Companies


CINCINNATI, OH
Tuesday, February 27th, 2024

Kroger recently issued a response to the FTC announcing its intent to sue to block the Kroger-Albertsons merger.

It reads as follows:

Contrary to the FTC's statements, blocking Kroger's merger with Albertsons Companies will actually harm the very people the FTC purports to serve: America's consumers and workers.

Kroger's business model is to take costs out of the business and invest in lowering prices for customers. Kroger has reduced prices every year since 2003, resulting in $5 billion invested to lower prices and a 5 percent reduction in gross margin over this period. This business model is immediately applied to merger companies. Kroger has a proven track record of lowering prices so more customers benefit from fresh, affordable food, and our proposed merger with Albertsons will mean even lower prices and more choices for America's consumers.

The FTC's decision makes it more likely that America's consumers will see higher food prices and fewer grocery stores at a time when communities across the country are already facing high inflation and food deserts. In fact, this decision only strengthens larger, non-unionized retailers like Walmart, Costco, and Amazon by allowing them to further increase their overwhelming and growing dominance of the grocery industry.


To read more, click here.

DMN will continue to bring you updates on this pivotal grocery deal, so stick around.

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See the Difference Cooper® Sharp Makes. Get Cooper®DePalo Foods StrombolisVeroni - 100 percent humanely raised - Authentic Italian charcuterieCheese that stands out from the herd. And stands out on the shelves. Beano's - First in Deli. Always Delicious.Simple done right

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The Kroger Co. spans many states with store formats that include grocery and multi-department stores, convenience stores and mall jewelry stores. We operate under nearly two dozen banners, all of...

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