California

IcyPeas

(22,280 posts) Wed Jul 10, 2024, 04:53 AM Jul 10

Kroger, Albertsons announce stores that would be sold under merger

Kroger and Albertsons Tuesday released a list of 579 stores that would be sold off under a proposed mega-merger of the grocery giants, including 63 locations in California.

The vast majority of the California locations are in Southern California.

The merger is being challenged by the Federal Trade Commission, which claims the proposed $24.6 billion merger would lead to higher grocery prices through a reduction in marketplace competition, and also potentially negatively affect workers.

Kroger has denied such claims, insisting that no stores, distribution centers or manufacturing facilities would be closed, and claiming that "customers will benefit from lower prices and more choices" through the merger.

The United Food and Commercial Workers union, which represents grocery workers, issued a statement Tuesday saying it continues to oppose the merger.

More here:

https://www.kpbs.org/news/economy/2024/07/09/kroger-albertsons-announce-stores-that-would-be-sold-under-merger

5 replies

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Kroger, Albertsons announce stores that would be sold under merger (Original Post) IcyPeas Jul 10 OP

Block this damned merger... That they are dumping all these stores shows there is no damned reason for the merger hlthe2b Jul 10 #1

Can't speak to Albertsons, as I don't live in that region anymore EYESORE 9001 Jul 10 #2

Safeway and Albertsons merged long ago in my area, but I have a great deal of "love" for Safeway... Not the cheapest hlthe2b Jul 10 #4

Right, no one will be laid off. quaint Jul 10 #3

There was a merger by Albertson's with another grocer years ago. Jacson6 Jul 11 #5

hlthe2b

(104,706 posts)

1. Block this damned merger... That they are dumping all these stores shows there is no damned reason for the merger

Reply to IcyPeas (Original post)

Wed Jul 10, 2024, 05:14 AM

Jul 10

except to raid the best of the best and discard the bones (and majorly dismantle the union).

AGs in nearly all affected states oppose. The FTC opposes this. Consumers oppose. So WTF is this moving forward?

EYESORE 9001

(27,130 posts)

2. Can't speak to Albertsons, as I don't live in that region anymore

Reply to hlthe2b (Reply #1)

Wed Jul 10, 2024, 07:19 AM

Jul 10

but I’ve been aware of Kroger’s union-busting and wanton disregard for neighborhoods when they buy and close stores.

hlthe2b

(104,706 posts)

4. Safeway and Albertsons merged long ago in my area, but I have a great deal of "love" for Safeway... Not the cheapest

Reply to EYESORE 9001 (Reply #2)

Wed Jul 10, 2024, 09:31 AM

Jul 10

groceries, mind you, but the stores are always clean, organized, well -stocked and the food is fresh. King Soopers (Krogers for my area) are fine and I do shop there, but the aisles are so congested that even a few customers (especially with kid-friendly enormous carts) make it a miserable experience.

Safeway has been around forever, treats its employees pretty well, and abides by its union. Yes. I shop elsewhere too to seek better prices on some items, but if I had my druthers, I'd continue doing most of mine there.

I dread the thought of this merger and sell-off of stores. Colorado has a ton that they intend to unload. sigh...

quaint

(3,141 posts)

3. Right, no one will be laid off.

Reply to IcyPeas (Original post)

Wed Jul 10, 2024, 08:16 AM

Jul 10

How many times has this been claimed:

All employees are expected to be able to maintain their employment with C&S, officials have said.

Jacson6

(552 posts)

5. There was a merger by Albertson's with another grocer years ago.

Reply to IcyPeas (Original post)

Thu Jul 11, 2024, 02:44 PM

Jul 11

Albertson's sold some of their stores to another grocer to get the merger approved. The buyer promptly closed and sold the Albertson's store they bought.
What is a few billon dollars between CEO's?

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