The Wall Street Journal

FTC sues to block US$25 billion Kroger-Albertsons merger

FTC sues to block US$25 billion Kroger-Albertsons merger
(Image: WSJ)
The Wall Street Journal
By Patrick Thomas and Dave MichaelsThe Federal Trade Commission (FTC) on Monday sued to block Kroger’s US$25 billion (NZ$40.6b) bid for rival Albertsons, throwing into uncertainty the fate of the largest supermarket deal in history. In a lawsuit filed in federal court in Oregon, the FTC said the deal would lead to higher food prices and harm union workers’ bargaining power and asked a court to block the companies from closing their deal on antitrust grounds. The companies’ plan to address the government’s conce...

More Retail

The Warehouse’s plan to come back ‘with a vengeance’
Retail

The Warehouse’s plan to come back ‘with a vengeance’

Executives face tough questions at the retailer’s AGM.

Victoria Young 22 Nov 2024
Dairy-free deal: Otis and All Good oat milk merge
Retail

Dairy-free deal: Otis and All Good oat milk merge

The companies have their eyes on Southeast Asia.

Gregor Thompson 21 Nov 2024
iPhones can now accept payments for NZ merchants
Retail

iPhones can now accept payments for NZ merchants

Tap to pay on iPhone launches in NZ with five initial processing providers.

Ben Moore 21 Nov 2024
My Food Bag profitability up, customer numbers dip
Retail

My Food Bag profitability up, customer numbers dip

Company expects market conditions to remain challenging in the second half.

Gregor Thompson 21 Nov 2024