Judge blocks Albertsons-Kroger $25 billion supermarket merger
Judge blocks Albertsons-Kroger $25 billion supermarket merger
A Washington state judge ruled the deal would harm both customers and workers.
Glad to see sanity win out on this one. It would have created a food monopoly on a lot of areas.
It was bad enough when Safeway and Albertson's merged. There were major shenanigans afoot when that happened.
In order to get approval for THAT deal, Albertson's had agreed to sell off some stores to Haggen.
That resulted in a $1B lawsuit.
The notion of a monopoly in food is terrifying.
Good news, five companies globally own all of the food you will likely find to eat. (Us/EU/former and current colonies of those two), unless you're growing your own heirloom varietals.
Sorry not good news, the other thing.
Finally a bit of good news. Trump saying the word 'groceries' and attacking from the left as if he would do one single fucking thing about food costs. Hell no. ITS THE MONOPOLY SWEATY