by Mike Duff | Mar 8, 2024 | Retail Articles
In announcing fourth quarter financial results, Rodney McMullen, Kroger chairman and CEO, also defended the merger that the company is pursuing with Albertsons Cos., saying it will be good for households in the United States and for employees as well. Company net...
by Mike Duff | Feb 26, 2024 | Featured News, Retail Articles
The United States Federal Trade Commission announced it is suing to block the Kroger Co.’s $24.6 billion acquisition of the Albertsons Cos. claiming the deal is anticompetitive. Kroger immediately answered with a statement saying blocking the merger would actually...
by Mike Duff | Jan 16, 2024 | Retail Articles
The Kroger Co., Albertsons Cos. and C&S Wholesale Grocers issued a statement updating status of the proposed Kroger/Alberstons merger and related agreements, with a United States Federal Trade Commission ruling on the transaction soon. According to the statement,...
by Mike Duff | Sep 29, 2023 | Featured News, Retail Articles
Amazon, in a blog post, touts the benefits its business brings to the United States economy. The blog post comes two days after the United States Federal Trade Commission filed an antitrust lawsuit against Amazon about which market observers have begun to speculate....
by Mike Duff | Sep 26, 2023 | Featured News, Retail Articles
The United States Federal Trade Commission announced it and 17 state attorneys general are suing Amazon, alleging the company is a monopolist that uses a set of interlocking anticompetitive and unfair strategies to illegally maintain its monopoly power. The suit...
