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CEOs of Jewel, Mariano’s parent companies defend proposed megamerger before Senate lawmakers (copy)

Summary by Ground News
Kroger announced plans in October to acquire Albertsons for $20 billion. The grocery companies have said the merger will allow them to better compete with Walmart. Kroger has said it will invest half a billion dollars of cost savings from the merger into lower prices for consumers.

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The PantagraphThe Pantagraph
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CEOs of Jewel, Mariano’s parent companies defend proposed megamerger before Senate lawmakers (copy)

At a hearing in Washington, D.C., lawmakers expressed concern that the proposed merger would lead to higher food prices at a time when Americans are already facing inflated food costs.

·Cherokee County, United States
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The Pantagraph broke the news in Cherokee County, United States on Wednesday, November 30, 2022.
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