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submitted 9 months ago by MicroWave@lemmy.world to c/news@lemmy.world

Washington state Attorney General Bob Ferguson on Monday sued to block the proposed merger of Kroger and Albertsons, two of the nation’s largest grocery chains.

In the suit filed in King County Superior Court, Ferguson argued that the $25-billion deal would harm consumers and raise prices, The Seattle Times reported. Kroger and Albertsons have more than 300 locations in the state and account for more than half of its grocery sales, according to the suit.

“This merger is bad for Washington shoppers and workers,” Ferguson said in a news release Monday. “Shoppers will have fewer choices and less competition, and, without a competitive marketplace, they will pay higher prices at the grocery store.”

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[-] PopMyCop@iusearchlinux.fyi 8 points 9 months ago

Weird. I thought kroger had bought out albertson's years ago. At least 15 years or so ago, all the albertson's stores (like 10 that I knew of) became krogers in my area.

[-] spongebue@lemmy.world 12 points 9 months ago

The biggest move with Albertson's in the last while (maybe a little less than 10 years ago) was buying Safeway. Maybe you're thinking of that, and/or maybe they closed some stores and Kroger came in instead? Here in Denver they're looking at selling some stores to the company that owns Piggly Wiggly to make regulators happy - could be that something like that was done.

[-] J230@lemmynsfw.com 10 points 9 months ago

As part of the Albertsons-Safeway merger a number of locations were required to be sold, and often they were sold to another grocery chain.

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this post was submitted on 16 Jan 2024
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