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Harris Donors Privately Calling for Ouster of FTC's Khan, SEC's Gensler - Bloomberg
Albertsons CEO Spars With FTC Over Grocery Chain's Future Without Kroger Deal -- WSJ
Kroger CEO Reportedly Pledges No Grocery Price Hikes After Albertsons Merger
The Kroger CEO defended the acquisition trade, attributing the price increase to rising costs.
According to Reuters, Kroger CEO Rodney McMullen defended the proposed $25 billion merger with competitor Albertsons in Wednesday's trial, attributing the increase in food and grocery prices to rising retailer costs. The Federal Trade Commission and several states have filed lawsuits in federal court, seeking to block the merger and attempting to prove that the deal will result in price increases and reduce the bargaining power of union workers by ending the intense competition between Kroger and Albertsons. When asked if Kroger will
Kroger, Albertsons Merger In FTC Crosshairs: Customers, Competitors At Risk (UPDATED)
Albertsons Companies Launches New Own Brand, Overjoyed, Featuring Indulgent Treats, Gifts and Décor