A PYMNTS Company

Kroger, Albertsons Unions Ask FTC To Block Deal

By  |  November 3, 2022

Kroger’s acquisition of Albertsons Companies could further exacerbate income inequality through job losses and eroding wages at a time of high inflation, a group of the retailers’ biggest unions and antitrust experts wrote in a letter seen by Reuters on Thursday.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    “In many markets across the country, grocery competition would cease, likely resulting in employee layoffs and higher prices,” they wrote in a letter addressed to the Federal Trade Commission (FTC) chairwoman Lina Khan, urging the agency to block the deal.

    Related: Experts Warn Kroger-Albertsons Deal May Cause Food Desserts

    “The merger should be blocked, as it would harm workers, consumers and communities,” said the United Food & Commercial Workers (UFCW) Local 400, who authored the letter.

    Twenty-six organizations undersigned the message, including the American Economic Liberties Project, Center for Economic and Policy Research, along with seven UFCW local chapters representing more than 100,000 Kroger and Albertsons’ workers.