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WASHINGTON, DC — Today, Colorado Judge Andrew J. Luxen granted a preliminary injunction to temporarily block the proposed $25 billion merger between Kroger and Albertsons. As government watchdog Accountable.US has documented, the proposed merger would be detrimental to millions of Americans dealing with big food industry price-gouging. The trial is set to begin September 30, 2024. 

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Kroger and Albertsons’ histories of price-gouging present a worrisome roadmap for their merger. It’s a raw deal that threatens to further consolidate the grocery market, leading to higher prices and fewer options for millions of consumers. Judge Luxen’s temporary block is a huge win for anyone who has relied on either company to feed their families. Now let’s make sure it’s permanent."

Accountable.US Liz Zelnick

The proposed merger has faced robust criticism from lawmakers and consumer advocates who have warned that it could “result in the loss of $334 million in wages,” lead to further consolidation of the food retail market, and bring on “fewer grocery stores and higher prices.” Despite claims from the companies that the merger will lead to lower costs, recent history has shown Kroger and Albertsons cannot be counted on to prioritize shoppers over their wealthy investors.

As of 2022, 60% of grocery sales are concentrated among five food corporations, opening the door for anti-competitive industry practices and continuing greedflation.

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