Consumer
Kroger-Albertsons Deal Heads to Court With Food Price Focus
- Federal hearing begins Monday on FTC lawsuit to block tie-up
- Grocers say deal would help competition versus Amazon, Walmart
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Kroger Co. and Albertsons Cos. are finally getting their day in court.
Nearly two years after the acquisition was announced, the grocery giants on Monday started a federal court hearing in Portland, Oregon, on the US Federal Trade Commission’s bid to block the $24.6 billion deal. The FTC alleges the tie-up would lead to higher grocery prices for consumers and lower wages for the supermarkets’ unionized workforces.