Washington state Attorney General Bob Ferguson on Monday sued to block the proposed merger of Kroger and Albertsons, two of the nation’s largest grocery chains.
In the suit filed in King County Superior Court, Ferguson argued that the $25-billion deal would harm consumers and raise prices, The Seattle Times reported. Kroger and Albertsons have more than 300 locations in the state and account for more than half of its grocery sales, according to the suit.
“This merger is bad for Washington shoppers and workers,” Ferguson said in a news release Monday. “Shoppers will have fewer choices and less competition, and, without a competitive marketplace, they will pay higher prices at the grocery store.”
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Holy fuck, I didn’t realize they also owned QFC and Fred Meyer. If they went through, what would be left? Amazon, Costco, and met market?
I literally shop at five different grocery stores in an attempt to avoid getting overly gouged. Imagine if I did not even have that option because they were all owned by the same company.
The words “anti trust” mean nothing in 2024. There are literally federal laws against businesses merging to form an unfair advantage and buying up all of their competitors like this. But anti trust laws are treated like those silly old timey laws like you cannot chain your alligator to a fire hydrant or you can’t carry an ice cream cone in your back pocket. Yeah, technically they’re on the books, but when’s the last time they were truly enforced?
Christ, someone needs to block it.
Weird. I thought kroger had bought out albertson’s years ago. At least 15 years or so ago, all the albertson’s stores (like 10 that I knew of) became krogers in my area.
