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Washington state sues to block proposed merger of Kroger and Albertsons grocery chains (apnews.com)

submitted 10 months ago by [email protected] to c/[email protected]

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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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[–] [email protected] 18 points 10 months ago (1 children)

Yup. We live in Washington, and our town has a QFC, a Fred Meyer, and a Safeway. If this deal goes through, Kroger will own all three. Not only will prices probably go up but they will likely shut down the Safeway (where we prefer to shop) because it is just across the street from Fred Meyer. We might end up doing our regular shopping at Grocery Outlet, which is the only other option in town.

[–] [email protected] 2 points 10 months ago

At least you still have whole foods and Amazon fresh as independent stores. Oh wait.