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Albertsons merged with Safeway in 2015 in a $9.2 billion deal which included an FTC requirement to spin off 168 stores to stop the new company having a monopoly in certain markets. [7] The commitment was the largest ever divestiture of supermarkets at the time.
If the merger were completed, Kroger and Albertsons would operate more than 5,000 stores and about 4,000 retail pharmacies and employ nearly 700,000 workers across 48 states, according to the FTC.
The Federal Trade Commission's antitrust action does not benefit grocery shoppers. ... Kroger and Albertsons projected the merger would create $500 million in cost savings—at least some of which ...
Kroger also pledged to invest $1.3 billion in store improvements at Albertsons as part of the deal. The FTC, which said the proposed deal would be the largest grocery merger in U.S. history, said ...
The FTC alleges the proposed merger would violate the Clayton Act, a federal antitrust law. The two grocery companies own 176 stores in Oregon under the Fred Meyer, QFC, Albertsons and Safeway brands.
A federal judge on Tuesday blocked the proposed $25 billion merger between Albertsons and Kroger, agreeing with the Federal Trade Commission (FTC) that the deal would undermine competition in the ...
A federal judge in Oregon blocked Kroger’s proposed $25 billion tie-up with Albertsons, ruling that the largest merger in US supermarket history would limit competition and harm consumers.
Boise, Idaho-based Albertsons operates 2,273 stores in 34 states, including brands like Safeway, Jewel Osco and Shaw's. Together, the companies employ around 710,000 people.