Image by Peggy Chai from Pixabay

August 26, 2024 - OAKLAND — California Attorney General Rob Bonta today issued a statement on the first day of trial in the state’s lawsuit challenging Kroger’s $24.6 billion purchase of Albertsons. Kroger and Albertsons are the two largest national supermarket chains in the country and this merger presents a significant risk of reduced competition and higher food prices nationwide. In California specifically, the Albertsons-Kroger merger is expected to further consolidate the highly concentrated retail grocery market in Southern California, leading consumers to face fewer choices and higher prices. The merger is also expected to reduce the ability of unions to negotiate working conditions at these stores, impacting thousands of employees in California.

In February 2024, Attorney General Bonta joined the Federal Trade Commission and a bipartisan coalition of states in filing a lawsuit that seeks to block the proposed Albertsons-Kroger merger, alleging it is in violation of the federal Clayton Act. 

“Across California, families are struggling to make ends meet and wincing at the price of everything from groceries to gas. As the People’s Attorney, it is my honor to stand up to big corporations who only care about their bottom line and directly contribute to this unaffordability. That is exactly what we are doing with this lawsuit,” said Attorney General Bonta. “This merger will leave Californians with fewer choices over where to shop – and for workers in this industry, where to work. We are in court today to prevent this unlawful attempt by Kroger and Albertsons to merge their operations and reduce competition in the marketplace.”
Source: CA. DOJ