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WASHINGTON – A coalition of 100 organizations representing diverse interests from around the country have joined forces in the “Stop the Merger” campaign, a national and state-level effort to oppose the proposed $25-billion merger of grocery store chain giants Kroger and Albertsons. The coalition is announcing the launch of its website (www.NoGroceryMerger.com) which includes facts and research about the proposed merger’s negative impact, stories from community members, workers, and others, as well as tools for organizations and individuals to take action and communicate their opposition to the Federal Trade Commission (FTC), which has the regulatory oversight responsibility to review proposed mergers such as this.
In October of 2022, Kroger and Albertsons announced they would pursue a $24.6 billion mega-merger, joining together the two largest standalone U.S. grocery chains, and thereby creating a monopoly in many areas across the country. Both these chains have stores and manufacturing facilities in nearly every state, employing over 700,000 workers across their numerous local banners. The mega-merger, currently undergoing FTC review, would drive out competition, increase food prices, create food deserts, and put hundreds of thousands of jobs at risk as well as hurt local farmers and ranchers.
The coalition of over 100 organizations has written numerous letters to the FTC and state Attorneys General, held meetings with federal and state elected officials and regulators, held press conferences and virtual town halls, attended public events on the merger hosted by government officials, and participated in various local community activities opposing the merger. All this activity has helped reveal growing evidence that shows the real motives for the proposed merger: corporate greed at the hands of C-Suite executives and the private equity firms that are significant owners of their stock. The diverse and large number of groups across the nation now include organizations whose focus includes consumer protection, faith, economic justice, anti-poverty, food justice, environmental protection, women’s rights, Black Indigenous People of Color advocates, farmer and farmworker advocates, and many others.
For more information on the negative impact of the mega-merger, please visit: NoGroceryMerger.com. Interested organizations can also join the Stop the Merger Coalition through the form on the site.
