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Albertsons will pay $3.9 million to resolve allegations it ripped off customers at its Vons, ... FTC says in suit to block deal. Albertsons Cos. operates 589 Albertsons, Safeway and Vons stores in ...
The FTC ordered the divestiture of 168 of the 2,400 stores the merged company would own, mostly in the West. More than 140 were acquired by Haggen Holdings, an 18-store chain in the Pacific Northwest.
Albertsons, which owns Vons, and Kroger, which owns Ralphs, are pursuing a merger that would combine the two largest grocery store chains in the U.S. ... FTC lawyers, union leaders and antitrust ...
Vons is a supermarket chain ... in late 2014, the FTC mandated that the new Albertsons/Safeway merger sell off almost 200 stores to allow for sufficient ...
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. [6] The commitment was the largest ever divestiture of supermarkets at the time.
With the FTC’s blessing, Haggen, a small supermarket chain in the Northwest with just 18 locations, bought 146 of the former Albertsons and Safeway stores. But Haggen struggled to manage the stores.
The FTC Act prohibits unfair methods of competition, unfair or deceptive acts or practices in or affecting commerce. [9] The Commission is empowered to enforce the act's provisions against all persons, partnerships or corporations, with several exceptions, including banks, savings and loans institutions, federal credit unions—each as ...
The FTC decided to hold administrative hearings to decide whether to approve the merger or block it, as federal law authorizes the agency to do. ... Safeway, Jewel-Osco, Vons, Lucky, Pavilions ...