FTC Sues to Block Grocery Monopoly
WASHINGTON, D.C. – The Federal Trade Commission (FTC) and a bipartisan group of nine state attorneys general today sued to block grocery store Kroger’s $26.4 billion acquisition of its competitor, Albertsons. Lisa Gilbert, executive vice president of Public Citizen, released the following statement:
“A Kroger-Albertsons merger would have been a disaster for workers, consumers, and farmers, and represented the worst of grocery store consolidation. Today, the FTC said clearly that superstores cannot merge their way to dominance. We applaud the FTC for bringing a strong common-sense case, challenging this mega merger plan at a critical juncture for our markets.”