Soaring food prices are a key driver behind inflation in the US, while industry consolidation has given top players in the space much greater market share. These talks come amid a dramatically different dealmaking landscape. It has more than 2,200 supermarkets in 34 states and Washington, D.C., with about 290,000 employees, 25,000 of whom work in California. by revenue.Īlbertsons is made up of 20 brands, including Safeway, Acme and Tom Thumb. The company trails behind Walmart, which is the top grocer in the U.S. It has nearly 2,800 stores in 35 states and about 420,000 employees. Kroger is the nation’s largest supermarket chain with about two dozen banners, including Fred Meyer, Ralphs, King Soopers, Harris Teeter and its namesake brand. Standing together, we know our voices are stronger than the corporations’ anti-worker rhetoric.” Essential UFCW grocery store workers emerged stronger from the COVID-19 pandemic, winning landmark protections against the virus, store violence and other threats. “The proposed merger of these two grocery giants is devastating for workers and customers alike and must be stopped,” Zinder said in a statement issued Thursday. and a group of investment firms for about $9.8 billion, according to data compiled by Bloomberg.Īndrea Zinder, President, UFCW Local 324, said the merger would create a monopoly in the grocery industry for many communities, with one company owning a $47 billion market share. supermarket deal since the last time Albertsons changed hands in 2006, when it was bought by Supervalu, CVS Health Corp. retail transactions in years, and the biggest U.S. The potential deal would be among the largest U.S. Representatives for Albertsons and Kroger couldn’t immediately be reached for comment.
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