CTH:
Last week we discussed the announcement of a $24.6 billion merger deal between Kroger and Albertsons supermarkets {Go Deep}. The majority stockholders in both companies are institutional investment groups, Blackrock, Vanguard and Cerberus.
The merger would consolidate the second and third largest food retailers in the U.S. and would certainly dilute the competitive dynamic amid the supermarket industry. Concern over price controls and decreased competition has now arrived on the desks of DC legislators who are reviewing the deal. MORE
Legislators approved the merger after they were given a large number of shares in the new corporation.
So the geniuses in Congress who f’d up this economy are worried about a consolidation of two supermarket titans. consolidation can’t do to prices what inflation does. so, yea, GFYS, Congress
In our area, all Albertsons went out of business, we’ve never had Kroger, most Winn Dixies have gone out of business.
Publix rules!
🎶 “It’s Joe Albertson’s supermarket but the meat department is yours.” 🎶
Not any more. 🙁
I bought Kroger butter once. It was like 3 years old and all dried out and tasted funny. Never again. But some of their other Kroger brands are okay, like their “Oat & Bran” bread.
Now, in Georgia, Publix rocks. (But then, coastal Georgia rocks. It’s the culture.)
RadioMattM
OCTOBER 23, 2022 AT 1:07 PM
“Legislators approved the merger after they were given a large number of shares in the new corporation.”
…that, and the new companies’ ESG score.
Approval contingent on the new megacororation agreeing to a fascist public/private partnership.
Grocery stores will be pretty central to enforcing Social Credit scores.
See China (and everyone else that Communism has deliberately starved) for further details…
More too big to fail catastrophe
I don’t know about the rest of the country, but in the PNW, Albertsons sucked big time. High prices, and their produce and meat department was the worst. Kroger (Fred Meyer there) was pretty good quality and price-wise.
From the webs. This explains it all:
“Kroger (KR) and Albertsons, which both employ mostly union workforces, want to merge to be more competitive against non-union giants such as Walmart (WMT), Amazon (AMZN), and Costco.”
HEB rules Texas. Shop in one and you’ll find out why.
Both entities have a rep of unusable toxic tainted expired food with cheap broke-down merchandise peddled from the CCP. May as well get the same garbage stuff from the CCP-controlled eBay on the cheap. yuk.