Kroger Responds After FTC Decision to Block Albertsons Merger 

On Monday news broke that the Federal trade Commission (FTC) would be challenging Kroger’s acquisition of Albertsons. The FTC said that the potential merger would “eliminate competition and raise grocery prices for millions of Americans, while harming tens of thousands of workers.” Now, Kroger has responded.

“Kroger’s business model is to take costs out of the business and invest in lowering prices for customers,” the company stated. “Kroger has reduced prices every year since 2003, resulting in $5 billion invested to lower prices and a 5% reduction in gross...

Albertsons Companies Voluntarily Recalls Five ReadyMeals and Store-Made Taco Kits 

Albertsons Companies has voluntarily recalled five ReadyMeals and store-made taco kits supplied by Fresh Creative Foods due to possible Listeria monocytogenes contamination. The select meals and kits contain a recalled cheese ingredient supplied by Rizo-López Foods, Inc., of Modesto, California.

The FDA and CDC, in collaboration with state and local partners, are investigating illnesses in a multi-year, multistate outbreak of Listeria monocytogenes infections linked to queso fresco and cotija cheeses manufactured by Rizo-López Foods. Rizo-López Foods’ recall announcement can be found here. 

Albertsons Companies Launches New Signature SELECT® Mix + Match Meal Solution 

Albertsons Companies, Inc. (NYSE: ACI) today announced the launch of its newest Own Brand innovation, the Signature SELECT Mix + Match meal solution. Designed to save customers time both in the store and in the kitchen, this new line of frozen entrees, sides and veggies cook together in one standard oven at 375 degrees for about 35 minutes. Available now at 1,900 Albertsons Cos. stores including Albertsons, Safeway, Vons, Jewel-Osco, ACME and Shaw’s, this customizable meal solution feeds a family of four at a great value...

Albertsons Companies Appoints Sarah Mensah and Lisa Gray to Board of Directors

Albertsons Companies, Inc. (NYSE: ACI) announced today that Sarah Mensah and Lisa Gray have been appointed to the Company’s Board of Directors (the “Board”). The Company’s board has now expanded to 11 members.

“Sarah and Lisa are accomplished leaders in their respective industries, and I am delighted to officially welcome them to the Albertsons Cos. Board of Directors,” said Vivek Sankaran, CEO of Albertsons Cos. “Sarah’s reputation for elevating brand value by thoughtfully challenging the status quo and championing innovation, along with Lisa’s proven track record in corporate...

Teamsters Call on FTC to Reject Korger-Albertsons Propsed Asset Sales to C&S

The International Brotherhood of Teamsters strongly opposes the sale of any assets of Kroger [NYSE: KR] or Albertsons [NYSE: ACI] to C&S Wholesale Grocers as proposed in the companies' September 2023 divestiture plan submitted to the Federal Trade Commission (FTC). The Teamsters, representing more than 22,000 members at Kroger and Albertsons nationwide, urge the FTC to reject C&S as a buyer.

"Kroger and Albertsons management has told everyone and anyone that no union members will lose their jobs, contracts, or hours if this...

Kroger to Bring More Resources to 700,000+ Associates

The Kroger Co. announced today a commitment to offer more resources to more associates following the completion of its proposed merger with Albertsons Companies.

As part of this commitment, Kroger will provide 700,000+ part-time and full-time associates access to its continuing education benefit, which offers up to $21,000 of reimbursement toward higher learning or continued development. The combined company will also expand access to its Goldman Sachs Ayco financial coaching tool. These programs build on the previously stated commitment that the combined company will invest $1... 

CEO: Kroger 'Committed to Litigate' if Regulators Seek to Block Merger Deal

Kroger is prepared to fight regulators at the Federal Trade Commission, if they seek to block its $25 billion takeover of Albertsons, CEO Rodney McMullen told Bloomberg News on Wednesday.

In March, The Enquirer reported the massive deal could face harsher regulatory scrutiny in light of tougher antitrust regulators under President Biden.

McMullen told the news outlet that Kroger and Albertsons have been prepared for a court battle from the start.

"Usually you wouldn't commit in advance to litigate. In this case we both committed to litigate...