May 21, 2024 The Best Source of News, Culture, Lifestyle for Culver City, Mar Vista, Del Rey, Palms and West Los Angeles

Kroger-Albertsons Mega-Merger Sparks Concerns About Competition and Jobs

Critics say the proposed merger, which is currently under review by the FTC, would create a monopoly in many areas across the country.

A coalition of more than 100 organizations from different backgrounds across the United States is banding together to oppose the proposed $25 billion merger of grocery chains Kroger and Albertsons. The coalition, known as the “Stop the Merger” campaign, is undertaking a national and state-level effort to prevent the deal from going ahead.

On March 14, the coalition announced the launch of its website, www.NoGroceryMerger.com, which contains information and research on the negative impact of the proposed merger. The website also features stories from community members, workers, and others affected by the merger, as well as tools for organizations and individuals to express their opposition to the Federal Trade Commission (FTC), which oversees the regulatory review of proposed mergers.

In October 2022, Kroger and Albertsons announced their intention to merge in a deal worth $24.6 billion. Critics say the proposed merger, which is currently under review by the FTC, would create a monopoly in many areas across the country, as the two chains have stores and manufacturing facilities in almost every state and employ over 700,000 workers across numerous local banners. Both Albertsons and Kroger have a significant presence in the Los Angeles region, operating numerous stores and employing thousands of workers. In the Los Angeles area Kroger operates under several local banners such as Ralphs and Food 4 Less, while Albertsons operates under the Albertsons, Vons, Pavilions and Safeway banners.

According to the coalition, the proposed merger would have numerous negative consequences, including driving out competition, increasing food prices, creating food deserts, putting hundreds of thousands of jobs at risk, and harming local farmers and ranchers. The coalition claims that the real motives behind the merger are corporate greed by C-Suite executives and private equity firms that are significant stockholders.

The coalition has taken a variety of actions to oppose the merger, including writing letters to the FTC and state attorney generals, meeting with federal and state officials and regulators, holding press conferences and virtual town halls, participating in public events on the merger hosted by government officials, and engaging in various local community activities. 

The coalition’s members come from a diverse range of organizations, including those focused on consumer protection, faith, economic justice, anti-poverty, food justice, environmental protection, women’s rights, Black Indigenous People of Color advocacy, and farmer and farmworker advocacy, among others.

Related Posts

Father-Son Duo RSG Janitorial Services Finds Joy In Serving Customers

May 21, 2024

May 21, 2024

Finding handymen and janitorial services can be a hard pick. RSG Janitorial Services, based in Los Angeles, offers a mix...

LA Pride 2024 Announces George Takei, Cassandro, and Kristin Crowley as Grand Marshals

May 21, 2024

May 21, 2024

Celebrate “Power in Pride” with live broadcasts, a block party, and special events This year’s LA Pride Parade will celebrate...

Target Slashes Prices on 5,000 Everyday Items for Summer Savings

May 21, 2024

May 21, 2024

Consumers to Enjoy Reduced Prices on Essentials Starting Now Target Corporation announced on Monday it will lower the everyday regular...

Check Out Local Library Events and Weekly Reading Programs For This Week

May 21, 2024

May 21, 2024

Brentwood, Palisades, and West Los Angeles Libraries Are Ready for Summer As summer approaches, local libraries are gearing up for...

Los Angeles County Rent Relief Program Opens Second Round of Applications

May 20, 2024

May 20, 2024

Applications Accepted Until June 4, Funding and Support Have Been Increased  The Los Angeles County Rent Relief Program (LARRP) has...

Detectives Seek Public’s Help to Locate Attilio Brillembourg, Stepfather of Greek Princess

May 20, 2024

May 20, 2024

Stepfather of Princess Tatiana of Greece is Missing in Malibu Detectives from the Los Angeles County Sheriff’s Department are seeking...

Culver City Council to Review Parking Rates, Proclaims May Heritage Months

May 19, 2024

May 19, 2024

Gender-Neutral Restrooms Ordinance and City Proclamations Announced On Monday, the City Council of Culver City unanimously agreed to revisit new...

Hepatitis A Case Reported in Beverly Hills Whole Foods Employee

May 19, 2024

May 19, 2024

Health Officials Advise Vaccination for Seafood Customers  The Los Angeles County Department of Public Health is investigating a hepatitis A...

Assault Suspect Arrested After High-Speed, Wrong Way Chase on 405 Freeway

May 19, 2024

May 19, 2024

Erratic Driver Rams Police Car, Causes Multiple Collisions During Pursuit An erratic driver suspected of assault with a deadly weapon...

Mayor Bass Orders Increased Police Presence on LA Metro After Surge in Violence

May 17, 2024

May 17, 2024

A Shocking Murder Was Committed on a Metro Bus After Announcement Mayor Karen Bass has directed an increase in law...

Inaugural Design Miami.LA Fair Opens in Holmby Hills

May 17, 2024

May 17, 2024

Exclusive Access and Dynamic Talks From May 16-20 The inaugural edition of Design Miami.LA opened yesterday, running until May 20,...

(Video) Design Miami LA Is Now Open in Holmby Hills

May 17, 2024

May 17, 2024

Sainte Marguerite en Provence Is the exclusive rosé sponsor. Welcome to the Greenhouse. @culvercitywlanews Design Miami LA Is Now Open...

Shock-A-Go-Go Film Festival Returns to Lumiere Cinema in Beverly Hills

May 17, 2024

May 17, 2024

A Weekend of Horror, and Cult Classics With Exclusive Q&A Sessions The Shock-A-Go-Go Film Festival is set to return to...

Devastating Fire Closes Historic Westwood Restaurant, Causing Serious Damage

May 16, 2024

May 16, 2024

Roozbeh Farahanipour Launches GoFundMe to Restore Cultural Tribute The Persian Gulf Restaurant and Museum in Westwood has sustained serious damage...