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...The FTC on Monday challenged the $24.6bn acquisition, alleging that it would eliminate competition between the two companies, increase prices for groceries and harm product quality and consumer choice....
...Kroger and Albertsons argue the deal is necessary for them to compete against retail giants such as Walmart and Amazon, and even dollar stores in the grocery space....
...The US Federal Trade Commission last month sued to block Kroger’s $24.6bn bid to buy rival Albertsons, the largest supermarket deal in history....
...The US Federal Trade Commission has sued to block Kroger Company’s acquisition of Albertsons Companies in a move that threatens the largest supermarket merger in US history....
...Kroger, which is seeking to pull off the biggest supermarket merger in US history, was up almost 9 per cent....
...The results come as the Issa brothers, who also co-own petrol station empire EG Group with TDR, seek to simplify the division of assets between them....
...Kroger, one of the biggest grocery chains in the US, warned of weak sales in the second half of the year as it expects inflation to decelerate and consumer spending to remain tight....
...It’s a grocery store chain like Kroger or Sainsbury’s....
...Grocery chain Kroger will also report earnings....
...Fashion sales, including beauty, were up year on year, but it posted weaker trading in its home and technology divisions....
...“The consumer discretionary side of the business is still under pressure, with Argos and its non-food divisions continuing to struggle where consumers are cutting back on non-essential purchases,” said Chris...
...Companies raised prices to offset higher costs, but the exercise has revealed the limits of their brand pricing power, as consumers started to push back against ever more expensive groceries and trade down...
...Kroger: The US supermarket group is expected to report a quarterly revenue decline, painting a picture of budget-conscious consumers cutting back on spending and buying cheaper or fewer groceries....
...The FTC is suing to stop the big Albertson’s-Kroger grocery merger. I’m not sure what to think about this....
...Ocado Group, which also has a logistics division alongside the robotics and grocery businesses, was founded in 2000 by former Goldman Sachs bankers....
...“It’s not only Aldi doing this deal, you’ve got Kroger and Albertson looking to merge.”...
...Online grocery is instead dominated by incumbents, and we’d look to the larger of these (Walmart, Kroger – already a partner) as more likely suitors....
...High prices are expected to persist, especially in the grocery division as the group continues to feel the effects of sticky inflation....
...Yet scooping out the division will not — of itself — unlock value for Unilever’s shareholders....
...Grocery revenue rose by 11.9 per cent, as seasoning items such as Bisto gravy and Oxo stock pots enjoyed a Christmas boon....
...The idea is to sell ads, either in-store or online, to consumer goods companies desperate for targeted marketing and measurable returns....
...The strong performance in its grocery division was partially offset by more challenging conditions for general merchandise and clothing....
...such as Kroger in the US to help them burnish their ecommerce credentials....
...He joins from Kroger. TPG has appointed Scott Lebovitz as a partner and head of infrastructure for its Rise Climate investing platform....
...Alibaba had also planned to create a separate business to handle IT services across all divisions, from ecommerce to media, two employees said....
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