Legal
Kroger Egg Pricing Turns Merger Trial Into Inflation Fight
- Price increases on consumer items in spotlight at FTC hearing
- Agency challenging proposed deal between Kroger, Albertsons
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Kroger Co. hiked prices on milk and eggs more than needed to account for inflation, the company’s top pricing executive testified during a court hearing on the US government’s bid to block the grocery chain’s purchase of rival Albertsons Cos.
In a March email to his bosses, Andy Groff, Kroger’s senior director for pricing, acknowledged that the company had raised its prices more than required to adjust for higher costs.