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Kroger faces objections in its attempt to acquire Albertsons stores

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Manage episode 429387862 series 2911565
Content provided by Audacy. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Audacy or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Time now for our daily Tech and Business Report. Today, KCBS Radio's Holly Quan was joined by Bloomberg's Leah Nylen.

Federal officials and a coalition of states say a proposed supermarket merger is doomed to fail if it's allowed to go through. A trial set for next month will determine whether Kroger, which owns about 2,800 stores will be allowed to acquire Albertsons, which owns about 2,200. The merger had been announced back in 2022, but the FTC sued to stop it, saying it would be bad for workers and consumers. The two chains tried to allay those fears, announcing they would sell off roughly 600 of those stores.

  continue reading

502 episodes

Artwork
iconShare
 
Manage episode 429387862 series 2911565
Content provided by Audacy. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Audacy or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Time now for our daily Tech and Business Report. Today, KCBS Radio's Holly Quan was joined by Bloomberg's Leah Nylen.

Federal officials and a coalition of states say a proposed supermarket merger is doomed to fail if it's allowed to go through. A trial set for next month will determine whether Kroger, which owns about 2,800 stores will be allowed to acquire Albertsons, which owns about 2,200. The merger had been announced back in 2022, but the FTC sued to stop it, saying it would be bad for workers and consumers. The two chains tried to allay those fears, announcing they would sell off roughly 600 of those stores.

  continue reading

502 episodes

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