![]() McMullen claimed if the merger goes through, food prices would come down and employee wages would go up. "But eventually, the company, they divested to went bankrupt, and Albertsons eventually got those stores back." "When Albertsons acquired Safeway, they divested stores," she said. Sinha says there is concern about divesting. It’s unclear if any of those locations are among the 26 in the proposed selloff. Elizabeth Warren thinks the merger will weaken competition.īut Kroger CEO Rodney McMullen has said the merger will allow the company to better compete against retail giants Walmart and Amazon.Īlbertsons stores are in North Texas, but Tom Thumb has a bigger footprint. ![]() Kirti Sinha is an accounting professor at the University of Texas at Dallas doing research on mergers and acquisitions. The deal is facing legal challenges in other states. This week, six members of Congress sent a letter to the FTC. It’s a 25 billion deal for Kroger to buy Albertsons, which also impacts Tom Thumb under the Albertsons banner. Are their bargaining powers going down because of this merger." You need to look at workers, look at supplies. "You cannot look at consumer welfare as the only thing. "In the current climate and the way industries have been functioning, that may not be true," she said. Sinha notes the FTC under Chairwoman Lina Khan has changed recently, especially with mergers that may have previously sailed through. This month, Kroger investors were told the deal would mean selling off more than 400 stores, including 26 in Texas. But in Oregon and Washington, if they were to merge, they would be the only company selling groceries," she explained. The tickets will be given out until May 4th and you can play online through May 18th. Comvest invested essentially no cash in the deal, and management warned that it would be a certain failure. It may not get the attention of a mega-deal in media or tech, but the proposed grocery mashup has enormous implications for food prices and. The Monopoly game tickets will be available at all Safeway, Albertsons, United Supermarkets, Tom Thumb, Jewel-Osco, VONS, Amigos, Carrs, Star Market, Pavilions, Acme and Randall’s stores. In 2015, Albertsons and Safeway spun off nearly 150 stores to an 18-store regional chain called Haggen, which like Albertsons was controlled by a private equity firm, Comvest Partners. ![]() The deal is facing legal challenges in other states. Kroger-Albertsons grocery merger: Why you should worry. It’s a $25 billion deal for Kroger to buy Albertsons, which also impacts Tom Thumb under the Albertsons banner. The FTC typically makes a decision on merger issues like this within 30 days, but it appears we will have to wait until January to see if Kroger can merge with Albertsons. Now, it looks like a decision won’t come down until mid-January. DALLAS - Many expected a decision on Friday by the Federal Trade Commission on the fate of a possible merger between Kroger and Albertsons.
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