CINCINNATI (INVESTIGATOR) – US Senator bernie sanders by kroger latest move an “absolute disaster” after the Cincinnati-based grocery retailer announced its plan to Acquire Albertsons in a $24.6 billion deal Friday, according to the Cincinnati Enquirer.
Combined sales of the two supermarket chains amount to nearly $210 billion, putting Kroger about $10 billion short of US food sales at Walmart, the world’s largest supermarket.
>> Kroger seeks to create a grocery giant in a $20 billion deal from Albertsons <
In a tweet on Friday, Sanders called on the White House to reject the merger.
“At a time when food prices are skyrocketing as a result of corporate greed, it would be an unmitigated disaster to allow Kroger, America’s second-largest grocer, to merge with Albertsons, the fourth-largest grocer in the United States. America’s largest,” Vermont said. wrote progressive. “The Biden Administration must reject this deal.”
Senator Elizabeth Warren reacted towards then rumored merger in an interview with MSNBC on Thursday. The Massachusetts Democrat said the United States has not used antitrust laws for decades. reports the Enquirer.
“For example, with grocery stores, do you remember how many grocery stores there used to be? And now what you have is a handful of giant chains,” Warren said.
The senator said Kroger made nearly third-place $900 million in the 2021 quarter, more than three times the amount it made in the same period in 2019.
“That’s because they dominate the market so much,” he said. “If we move forward on antitrust law, break up these giant corporations, then we’ll have real competition and then we’ll have markets that are truly competitive.”
Kroger and Albertsons are expected to divest 100 to 375 stores to assuage antitrust concerns, leaving Kroger operating more than 4,500 stores nationwide. according to the Enquirer. Albertsons investors will own a separate company that includes the sold stores.
Both stores currently employ a combined 710,000 associates and operate 4,996 stores, 66 distribution centers, 52 manufacturing plants, 3,972 pharmacies and 2,015 fuel centers in 48 states and Washington DC
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