FTC challenges Kroger-Albertsons merger, citing risks to consumer choice
There's a lot at stake in a federal courtroom in Portland as a judge hears arguments for and against the Albertsons - Kroger grocery store merger plan.
The Federal Trade Commission is working to stop the merger, arguing that it will be bad for consumers. Both sides delivered opening statements on Monday in a packed courtroom presided by U.S. District Judge Adrienne Nelson.
FTC Chief Trial Counsel Susan Musser said the merger would result in Kroger "swallowing" Albertsons.
Kroger attorney Matthew Wolf said the merger would immediately lower some prices for shoppers at Albertsons, where prices are now 10-12% higher than at Kroger stores. Albertsons and Kroger have also argued the merger will help them compete against Costco and Walmart.
--------------------------------------------------
For more on the lead story: https://komonews.com/news/local/feder...
_______________
Stay up to date with our social media:
KOMO News on Facebook: / komonews
KOMO News on Twitter: / komonews
KOMO News on Instagram: / komo4
KOMO News on TikTok: / komo4seattle
Subscribe to KOMO on YouTube: / @komonews
Watch more top local news stories: • Video
For all of the day’s top local and national news, visit http://www.komonews.com/
Watch our live newscasts and other live video at https://komonews.com/watch
Download our iOS App: https://itunes.apple.com/us/app/komo-...
Download our Android App: https://play.google.com/store/apps/de...
Have a news tip? Send it directly to us:
Email us: [email protected]
Call the Newsroom: 206.404.4000
KOMO News (ABC 4) provides the latest breaking news, sports, weather, traffic, and local event coverage in the Seattle and Western Washington/Puget Sound area including Bellevue, Redmond, Renton, Kent, Tacoma, Bellingham, Yakima, and surrounding communities
#komo #komonews #komo4 #komo4news #seattle #seattlenews #washingtonnews #kroger #albertsons #safeway #qfc #grocery #grocerystore #supermarket #groceries #ftc #haggen #oregon #merger #acquisition
Denise Whitaker
This video and all Sinclair Broadcast Group content archives of local news and sports coverage are available for your use. For more information contact us at [email protected]
Watch video FTC challenges Kroger-Albertsons merger, citing risks to consumer choice online without registration, duration hours minute second in high quality. This video was added by user KOMO News 27 August 2024, don't forget to share it with your friends and acquaintances, it has been viewed on our site 5,41 once and liked it 7 people.