CNN: What this mega supermarket merger could mean for your grocery bills

October 17, 2022 Media

In a mega-deal that could have a huge impact on grocery shopping in America, Kroger and Albertsons announced Friday plans to merge.

If approved by regulators, the nearly $25 billion deal would be one of the biggest in US retail history.

The proposed merger, which the companies expect to complete in 2024, would combine the fifth and tenth largest retailers in the country. The companies own dozens of chains, including Safeway, Vons, Harris Teeter and Fred Meyer and reach a combined 85 million households.

Antitrust advocates say the merger would force out competition and concentrate power among the largest chains, driving up prices.

“A Kroger-Albertons deal would squeeze consumers already struggling to afford food,” said Sarah Miller, the executive director of the American Economic Liberties Project, a policy group against concentrated economic power.