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Remke executive to testify against Kroger-Albertsons merger

Summary by Ground News
Kroger plans to invest an additional $500 million in lower prices, $1 billion in increased wages and $1.3 billion to enhance the customer experience in Albertsons stores. Kroger expects to save $1billion over four years from merger-related synergies. The leaders of six United Food and Commercial Workers union locals are planning a Washington press conference Tuesday.
Published 2 months ago · Cincinnati, United States

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Remke executive to testify against Kroger-Albertsons merger

Kroger Co. CEO Rodney McMullen will be one of five witnesses who testify Tuesday before a Senate antitrust panel that will scrutinize Kroger’s proposed merger with the Albertsons grocery chain.McMullen will join Albertsons CEO Vivek Sankaran in extolling the virtues of the $24.6 billion deal, while its potential downsides will be discussed by the head of a company that acquired Northern Kentucky-based Remke Markets in 2017.Kroger plans to invest…

2 months ago·Cincinnati, United States
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