retail transactions in years, and the biggest U.S. The potential deal would be among the largest U.S. Any potential transaction, if agreed, may face antitrust scrutiny and require asset sales." But as Bloomberg, which first reported that the two companies were in merger talks, pointed out: "The exact structure and price of the deal couldn't immediately be learned. Kroger has made an all-cash offer to buy its smaller competitor. Albertsons and its banners employ approximately 290,000 workers at more than 2,200 stores in 34 states plus Washington, D.C. Kroger and its subsidiaries employ around 420,000 workers in almost 2,800 stores across 35 states. Boise-based Albertsons, the fourth-largest grocer with a 5.7% market share, is worth $15.2 billion. If an agreement between the rivals is reached, the resulting grocery conglomerate would enjoy a market share of nearly 16% and a market cap approaching $50 billion.Ĭincinnati-based Kroger, the nation's second-biggest grocery store behind Walmart, controls 9.9% of the market and is valued at $32.5 billion. "For the sake of everyday consumers, farmers, and food workers, the Biden administration should be rejecting this terrible, greed-driven proposal out of hand."Īccording to CNBC, Kroger's acquisition of Albertsons could be announced as soon as Friday morning. "The federal government's own analysis finds that supermarket consolidation typically leads to price hikes," said Jones. ![]() "At a moment when American families are already struggling with skyrocketing food prices from a hyper-consolidated grocery industry, the notion of another megamerger between corporate food giants couldn't be more alarming," Mitch Jones, managing director of policy at Food & Water Watch, said in a statement. "This merger is a cut and dry case of monopoly power, and enforcers should block it." 2, 3, and 4-player battles spread across 36 maps.Warning that a potential merger between Kroger and Albertsons-two of the nation's largest grocery chains-would hurt workers and force consumers to endure even more corporate price gouging, which has intensified following years of supermarket consolidation, progressives on Thursday implored the Biden administration to nix the deal if finalized. ![]() Campaign mode with 4 chapters spread over 24 unique maps including an extensive tutorial. ![]() Earn Trophies and titles, and climb the online leader-boards playing as one of four factions in bite-sized matches of around 20 minutes. ![]()
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