Why the FTC is Challenging a $25 Billion Supermarket Merger
The Journal.
The Wall Street Journal
4.2 • 5.8K Ratings
🗓️ 29 February 2024
⏱️ 18 minutes
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| 0:00.0 | There are lots of supermarket chains around the country. |
| 0:03.0 | There's Shaws and Fred Meyer, food for less and Ralph's. But many of these |
| 0:18.8 | chains are owned by just two companies. |
| 0:25.2 | Albertsons and Kroger. |
| 0:29.1 | I think most people know what a Kroger is. Albertsons maybe a little bit less so, but most people know what these are, |
| 0:32.4 | but they don't't I don't think |
| 0:33.4 | they grasp how many different brands they have. That's our colleague Patrick Thomas. |
| 0:39.1 | He covers the food supply chain, from agriculture to grocery stores. |
| 0:46.1 | For example, my parents shop at a grocery store |
| 0:48.8 | at Omaha, Nebraska called Bakers. |
| 0:51.4 | Who owns Bakers, you ask?ger's owned them for over 20 years and I can use their |
| 0:56.1 | phone number for like the loyalty program at the Marianos here in Chicago, both are Kroger stores. |
| 1:04.0 | We go on vacation to Arizona. |
| 1:06.2 | There's a fries, and they once again use the same phone number, |
| 1:08.8 | it's still a Kroger. |
| 1:09.7 | So there's all these different brands, and they're, |
| 1:11.8 | you know, the more name-brand stuff they're pretty |
| 1:14.5 | much just two companies. But Albertsons and Kroger are trying to merge their |
| 1:20.2 | companies to become a supermarket empire. In October of |
| 1:25.0 | 2022 they announced a 25 billion dollar deal that would combine their over 5,000 |
| 1:32.1 | stores around the country. The company said this move |
| 1:35.6 | would allow them to slash prices for consumers. But on Monday, the Federal Trade Commission filed a lawsuit to block the deal, |
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