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The Latest Breaking News from Albertsons

The Foodstuffs merger is dead – but that still won’t fix NZ’s over-concentrated supermarket sector

Two of the dominant players in New Zealand’s supermarket sector – Foodstuffs North Island and Foodstuffs South Island – have failed in their quest to officially join forces.

The Conversation

Kroger-Albertsons merger will increase costs for shoppers, says FTC chair

Lina Khan made remark on largest-ever US grocery merger, which FTC is seeking to block, on CBS’s 60 Minutes

The Guardian - US

Kroger and Albertsons prepare to make a final federal court argument for their merger

Closing arguments are coming up in the Federal Trade Commission's attempt to block the proposed merger of supermarket chains Kroger and Albertsons

The Independent UK

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3 High-Quality Retail Stocks Trading at a Discount

Thanks to resilience in consumer spending and the rapid evolution of technology, the retail sector is rising. Hence, it could be an opportune time to invest in high-quality discounted retail stocks such as Target Corp. (TGT), Kroger (KR), and Albertsons Companies (ACI). Read on….

StockNews.com

Megamerger threatens higher grocery cost

Kroger and Albertsons merger would benefit brands that exploited the pandemic and high inflation to raise prices

Salon

Albertsons And Kroger CEOs Push For Merger Saying It'll Allow Them To Lower Prices And Better Compete Against Walmart, Costco And Amazon

Kroger and Albertsons seek to merge, arguing it will lower prices, but the FTC opposes the merger due to competition, job losses, and store closures.

International Business Times UK

The CEOs of Kroger and Albertsons are in court to defend plans for a huge supermarket merger

The chief executives of Kroger and Albertsons are set to testify in federal court about their companies' proposed merger

The Independent UK

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Kroger and Albertsons head to court to defend merger plan against US regulators' objections

Kroger and Albertsons will defend their plan to merge in a hearing scheduled to begin Monday in federal court in Oregon

The Independent UK

"Unconstitutional": Kroger sues the FTC

"We stand prepared to defend this merger in the upcoming trial in federal court," Kroger CEO Rodney McMullen said

Salon

Kroger pledges $1 billion in price cuts

Senators Elizabeth Warren and Robert P. Casey, Jr. worry Kroger will "squeeze consumers to increase profits"

Salon

Harris Joins the FTC's Food Fight Against Kroger-Albertsons Merger

Amid rising grocery costs, the FTC's fight against the merger may end up hurting the very consumers it's supposed to protect.

Reason

Kroger pauses massive merger with rival grocery chain after numerous lawsuits and regulatory challenges

Merger would have been the largest supermarket deal in history

The Independent UK

Grocery's biggest merger stuck in limbo

The merger of two of the country's biggest supermarkets now faces both state and federal legal hurdles

Salon

Kroger and Albertsons reveal list of grocery stores at risk of sale under merger

In addition to the stores, the companies have also offered to sell six distribution centers and a dairy plant in Colorado

The Independent UK

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Salon

Biden busts monopolies, Trump just talks

“Antitrust enforcement during the Biden administration has been extremely vigorous," one policy expert told Salon

StockNews.com

3 Value Stocks With Strong Fundamentals to Buy Now

Value investing is highly favored as it focuses on purchasing undervalued stocks with solid fundamentals, providing the potential for high returns with lower risk and a disciplined, long-term approach. Therefore, it could be wise to invest in fundamentally sound, value stocks Expedia Group (EXPE), Incyte (INCY), and Albertsons Companies (ACI)…

Salon

Is the Kroger-Albertsons merger back on?

The FTC sued to block the $25 billion merger between two of the country’s largest supermarket chains

The Guardian - US

Companies are using inflation to price-gouge Americans – and making it worse

Thanks to near-monopolies in many industries, corporations are seeing record profits as consumers struggle with high prices

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news in one place.

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The Guardian - US

Labor rights? Whatever. TikTok frenzy over Trader Joe’s mini tote bags

High prices, mega mergers and union busting are just water under the bridge judging from the scramble for a new bag

Top News

Unions Applaud FTC Lawsuit Against Kroger-Albertsons Merger

Unions support FTC's lawsuit against Kroger-Albertsons merger to protect competition, workers, and consumers in the grocery industry.

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