A Kroger-Albertsons Merger Would Be Bad for Almost Everyone
Why a coalition called Stop the Merger plans to “fight like hell” to prevent it
It’s likely that the place you shop for groceries every week is owned by one of two companies — Kroger, or Albertsons. 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.
In October 2022, Kroger and Albertsons announced that both companies’ respective boards had voted to approve a merger. 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 order to actually happen, though, the merger needs approval from … Read more