Federal judge blocks Kroger’s $25 billion mega-merger with Albertsons ...Middle East

By Nathaniel Meyersohn, CNN New York (CNN) — A federal judge in Oregon blocked Kroger’s proposed $25 billion merger with Albertsons, ruling that the deal would limit competition in the grocery industry and harm consumers. The merger, announced in 2022, sought to combine the fifth and tenth largest retailers in the country. The companies own dozens of grocery chains, including Safeway, Vons, Harris Teeter and Fred Meyer. Kroger and Albertsons employ mostly unionized workforces and said they wanted to merge to be more competitive against non-union giants such as Walmart, Amazon and Costco. The grocers also face increased pressure from Aldi, the fast-growing German discount supermarket c

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Federal judge blocks Kroger’s $25 billion mega-merger with Albertsons ...Middle East

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