UNITED STATES NEWS

Washington state sues to block proposed merger of Kroger and Albertsons grocery chains

Jan 15, 2024, 4:53 PM

SEATTLE (AP) — 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.”

Kroger, which owns QFC and Fred Meyer and is based in Cincinnati, is seeking to acquire Albertsons, which owns Safeway and Haggen and is based in Boise, Idaho.

In a statement Monday, Kroger said it was pushing back its timeline for closing the deal due to ongoing dialogue with regulators, including state attorneys general and the Federal Trade Commission. It now anticipates the closure may occur in the first half of its fiscal year, which ends in mid-August.

“While this is longer than we originally thought, we knew it was a possibility and … accounted for such potential timing,” the statement said.

The company claimed the merger will bring lower prices for consumers.

Ferguson’s lawsuit was endorsed by United Food & Commercial Workers, Local 3000, which represents Kroger and Albertsons employees in Washington, northeast Oregon and northern Idaho, The Seattle Times reported.

“Workers, shoppers and our communities need to prevent this proposed mega-merger from taking place,” Yasmin Ashur, a union member who works in an Albertsons grocery store, said in a union statement Monday.

Last year, seeking to clear a path for a merger, Kroger and Albertsons announced plans to sell more than 400 stores and other assets to C&S Wholesale Grocers, a wholesale grocery supplier, amid concerns about market dominance.

Kroger and Albertsons agreed to merge in 2022. The grocery chains say they must merge to compete with Walmart, Amazon and other major companies that have stepped into the grocery business.

United States News

Former President Donald Trump sits in a courtroom next to his lawyer Todd Blanche before the start ...

Associated Press

Trump hush money trial enters new phase after defense rests without testimony from former president

Donald Trump's hush money trial is now closer to the moment when the jury will begin deciding the former president's fate.

3 hours ago

Associated Press

Rangers recover the body of a Japanese climber who died on North America’s tallest peak

ANCHORAGE, Alaska (AP) — Rangers have recovered the body of a Japanese man who died after an apparent fall while climbing North America’s tallest peak, authorities said Tuesday. Denali National Park and Preserve identified the climber as T. Hagiwara, from Sapporo, Hokkaido, Japan. He was identified by his first initial in keeping with his family’s […]

4 hours ago

Associated Press

Detroit could be without Black representation in Congress again with top candidate off the ballot

LANSING, Mich. (AP) — A Detroit Democrat will not appear on the ballot after building significant support within the party in his attempt to unseat U.S. Rep. Shri Thanedar in Michigan’s August primary, after election officials determined that he had not submitted enough valid signatures. Wayne County Clerk Cathy Garrett’s ruling on Tuesday to keep […]

4 hours ago

DeAnn Kilgore grappled with the unexpected letter from her husband's killer, Michael Moore. Despite...

SuElen Rivera

Letters lead to meeting killer, life-changing moment

DeAnn Kilgore grappled with the unexpected letter from her husband's killer, Michael Moore. Despite initial reluctance, she read it, prompting a profound journey of forgiveness and spiritual healing for herself and her family.

4 hours ago

Associated Press

Hawaii officials stress preparedness despite below-normal central Pacific hurricane season outlook

HONOLULU (AP) — This year’s hurricane season for waters around Hawaii will likely be “below normal” with one to four tropical cyclones across the central Pacific region, forecasters said Tuesday. A near-normal season has four or five cyclones, which include tropical depressions, tropical storms and hurricanes. Last year, during strong El Nino conditions, four tropical […]

5 hours ago

Follow @ktar923...

Sponsored Content by Sanderson Ford

3 new rides for 3 new road trips in Arizona

It's time for the Sanderson Ford Memorial Day sale with the Mighty Fine 69 Anniversary, as Sanderson Ford turned 69 years old in May.

Sponsored Articles

...

Sanderson Ford

3 new rides for 3 new road trips in Arizona

It's time for the Sanderson Ford Memorial Day sale with the Mighty Fine 69 Anniversary, as Sanderson Ford turned 69 years old in May.

...

Day & Night Air Conditioning, Heating and Plumbing

Beat the heat, ensure your AC unit is summer-ready

With temperatures starting to rise across the Valley, now is a great time to be sure your AC unit is ready to withstand the sweltering summer heat.

...

Condor Airlines

Condor Airlines can get you smoothly from Phoenix to Frankfurt on new A330-900neo airplane

Adventure Awaits! And there's no better way to experience the vacation of your dreams than traveling with Condor Airlines.

Washington state sues to block proposed merger of Kroger and Albertsons grocery chains