Heterodox
More on Kroger push to merge Albertsons into its array of stores. This comes after Appollo Funds and Cerberus Capital Management have milked it for $billions. The $24.6 billion deal[1], largely benefiting Albertson’s private equity owner Cerberus Capital Management, is seen by many as a maneuver to maximize investor returns rather than to provide tangible benefits to consumers or workers. Appollo owns $1.75 billion in Albertson’s preferred stock....
Read More »Day 3 of the Courts Review of the FTC v Kroger Merger
Devastating Impact of Proposed Kroger/Albertsons Merger on Good Union Jobs Scrutinized in Day 3 of Merger Hearing, Economic Liberties Portland, OR — After the third day of the Federal Trade Commission v. Kroger-Albertsons hearing in the U.S. District Court for the District of Oregon, the American Economic Liberties Project released the following summary. As posted by Research Manager Laurel Kilgour, reporting from Portland of the key arguments...
Read More »Day 2 of the Courts Review of the FTC v Kroger Merger
We have already posted on Grocery Stores artificially holding prices high and the use of another entity gathering those prices and supplying them to various entities. In day two, Kroger’s use of Albertson’s higher pricing to set their own pricing is a ” strategic avoidance of lowering pricing.” Read on, I will gather up Day Three for later tomorrow. Kroger’s Pricing Strategies and Market Control Scrutinized in Day 2 of Merger Hearing, Economic...
Read More »Kroger Engages in Theater – Kabuki Style
“Kabuki is a form of classical theater in Japan known for its elaborate costumes and dynamic acting. Phrases such as Kabuki theater, kabuki dance, or kabuki play are sometimes used in political discourse to describe an event characterized more by showmanship than by content.” Maybe I am wrong in calling it such. The style of play occurring between the two companies and the management give ne the impression of such. If you have been following...
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