Petition to the Federal Trade Commission: We urge you to thoroughly investigate supermarket giant Kroger's proposed merger with Albertsons! A merger of the nation's first- and fourth-largest supermarket companies is liable to enrich shareholders while harming virtually everyone else — particularly those communities most vulnerable to food deserts and grocery price-gouging. | Washington state just filed a lawsuit to block the proposed $25 billion supermarket mega-merger between Kroger and Albertsons. This is a big development in the work to stop a grocery store monopoly in America. "This merger is bad for Washington shoppers and workers," Washington state Attorney General Bob Ferguson said. "Shoppers will have fewer choices and less competition, and, without a competitive marketplace, they will pay higher prices at the grocery store." The merger would create a grocery store behemoth, a nightmare for consumers, small businesses, and workers, and a windfall of corporate profits for executives. While the lawsuit moves forward in Washington state, the Biden administration's Federal Trade Commission (FTC), led by Lina Khan, has the power to stop this mega-merger. Sign the petition: The Federal Trade Commission must stop the Kroger-Albertsons mega-merger! The development in Washington state shows just how active the work is to stop a grocery store monopoly. This grocery mega-merger would give Kroger-Albertsons way too much market power, and allow their executives to jack up prices at the expense of every shopper. This is corporate greed at the grocery store — where price-gouging is already wreaking havoc on Americans' bank accounts. The larger the supermarket corporation, the more control they have on the prices shoppers pay. The merger would likely lead to shuttered supermarkets throughout the country, leaving many with limited choice for groceries. Big companies like Kroger and Albertsons are concerned first with corporate profits, stock value, and their multi-million dollar paychecks, not with their workers, the consumer, or small businesses. Antitrust laws exist to stop this corporate greed. The FTC must step in and protect Americans from even more out of control prices at the grocery store, and the impending Kroger-Albertsons mega-merger. Tell the FTC to stop the Kroger-Albertsons supermarket monopoly to protect consumers! |
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