In a statement the company said, “Kroger will work with the Federal Trade Commission to develop a thoughtful divestiture plan - either through divesting stores to strong buyers or by creating a standalone independent company. Reuters previously reported that the companies would sell 250 to 300 stores to “alleviate U.S. In a statement to Eater, Kroger also said that it “will not lay off any frontline associates or close any stores, distribution centers or manufacturing facilities as a result of this merger, including stores that may need to be divested to obtain regulatory approval,” and notes that its CEO, Rodney McMullen, said the same thing to the Senate Judiciary Subcommittee on Antitrust, Competition Policy, and Consumer Rights in November. The coalition insists that this merger is an obvious monopoly that will lead to “store closures, thousands of lost jobs, and higher food prices.” The group argues that the impacts of the merger will be devastating for workers, farmers, and consumers.Įxecutives at both Kroger and Albertsons are reportedly confident that the merger will be approved by regulators.

Katie Porter, who united this month to form a coalition called Stop the Merger.

It’s the latter issue that concerns dozens of labor unions, advocacy groups, and elected officials like California Rep. According to the Federal Trade Commission, these laws require big companies to notify the government of their intention to merge, and prohibit mergers in which the result “may be substantially to lessen competition, or tend to create a monopoly.” In order to actually happen, though, the merger needs approval from federal officials, who will determine whether or not such a merger is a violation of the country’s antitrust laws. If the merger is completed in 2024 as its executives expect, Kroger-Albertsons would be the second-largest grocery retail chain in the country, right behind Walmart. In October 2022, Kroger and Albertsons announced that both companies’ respective boards had voted to approve a merger. Together, these two corporate behemoths own more than 5,000 supermarkets across the country, including regional chains like King Soopers, Harris Teeter, Safeway, Ralphs, and Vons, and now they’re looking to consolidate the grocery industry even further by joining forces in a $24.6 billion merger. The last day to register for the Digital Game is May 18, 2023.Įntry page:- or shopplaywincodes.It’s likely that the place you shop for groceries every week is owned by one of two companies - Kroger, or Albertsons. residents who are at least 18 years of age and visit a market store in one of the following states Alaska, Arizona, Arkansas, California, Colorado, Connecticut, District of Columbia, Delaware, Hawaii, Idaho, Illinois, Indiana, Iowa, Louisiana, Maine, Maryland, Massachusetts, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Dakota, Oregon, Pennsylvania, Rhode Island, South Dakota, Texas, Utah, Vermont, Virginia, Washington or Wyoming are allowed to enter in the sweepstakes.

Eligibility: This Safeway sweepstake is open to legal U.S.

Safeway Monopoly 2023 Sweepstakes – Detail:. You need to follow the given details to participate in this online sweepstakes or giveaways. Safeway Monopoly 2023 Sweepstakes give you a chance to win $1,000,000 Cash, a $250,000 Mortgage payoff, and more at 2023 or at.

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