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Balanced Reporting. Trusted Insights.
Friday, April 11, 2025
Federal and state court judges have blocked the proposed merger of Kroger and Albertsons after finding the scale of the divestiture plan, which involves selling about 580 stores to C&S Wholesale Grocers, cannot make up for the loss of competition that would result from the merger.
Kroger and Albertsons have agreed to delay their proposed merger until after a Colorado judge rules on the state’s request to permanently block it, eliminating the need for a preliminary injunction hearing scheduled for Aug. 12.
Food Inc., the movie that riled the agriculture industry back in 2008, is back. This time, as befits a sequel, it’s called “Food Inc., 2” and trains its lens on continued consolidation in the food industry and ultra-processed foods.
The Federal Trade Commission announced a challenge to Kroger’s $24.6 billion proposed acquisition of Albertsons, arguing the move would raise grocery prices for consumers and threaten workers’ livelihoods.
Congress continues to move toward a showdown on federal spending this week. But first, the Senate is going to take up a package of three fiscal 2024 spending bills, including the measure to fund the Agriculture Department and Food and Drug Administration.
CHS has added Sarah Bovim on to its Washington DC team as vice president of government affairs and Douglas Minder has been promoted to chief financial officer of Biotalys.
The top officials at Kroger and Albertsons tried on Tuesday to assure senators worried about food prices and industry consolidation that consumers will benefit from their supermarket giants' proposed $24.6 billion merger.
Kroger’s proposed purchase of Albertsons for $24.6 billion would create one of the largest food retailers in the country and, based on past experience, is likely to be scrutinized by federal regulators.
