The Federal Trade Commission sued Monday to block the $25 billion merger between grocery giants Albertsons and Kroger, calling the proposed deal anti-competitive. The agency was joined by nine state attorneys general in the lawsuit, which adds further uncertainty to what would be the biggest grocery-industry merger in U.S. history. Both companies operate thousands of … Read more
Miles and miles of unpaved roads are carved into the eastern half of California City, intersecting and folding into themselves only to bottom out into empty cul de sacs. Even though there are no houses in sight, the roads are marked with street signs — with names like Lincoln Boulevard, Rutgers Road and Aristotle Drive … Read more
Albertons, which owns Safeway, is in talks along with Kroger to sell over 400 stores. Getty Images Kroger and Albertsons are in talks to sell more than 400 grocery stores to C&S Wholesale Grocers, according to Reuters. Bloomberg was the first to break the news Tuesday, reporting that a potential sale is a move meant to … Read more