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Judge blocks Albertsons-Kroger $25 billion supermarket merger (www.nbcnews.com)

submitted 1 month ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 1 month ago

Finally a bit of good news. Trump saying the word 'groceries' and attacking from the left as if he would do one single fucking thing about food costs. Hell no. ITS THE MONOPOLY SWEATY

[–] [email protected] 4 points 1 month ago (1 children)

The notion of a monopoly in food is terrifying.

[–] [email protected] 3 points 1 month ago

Good news, five companies globally own all of the food you will likely find to eat. (Us/EU/former and current colonies of those two), unless you're growing your own heirloom varietals.

Sorry not good news, the other thing.

[–] [email protected] 7 points 1 month ago

It was bad enough when Safeway and Albertson's merged. There were major shenanigans afoot when that happened.

In order to get approval for THAT deal, Albertson's had agreed to sell off some stores to Haggen.

https://www.tucsonsentinel.com/local/report/090115_haggen/haggen-sues-albertsons-1-billion-over-grocery-deal/

That resulted in a $1B lawsuit.

[–] [email protected] 10 points 1 month ago

Glad to see sanity win out on this one. It would have created a food monopoly on a lot of areas.