Kroger-Albertsons merger to result in sale of almost 12 San Diego County stores – NBC 7 San Diego

The Mega-Merger Impact on Grocery Stores

Kroger and Albertsons recently revealed their plans to sell off 579 stores as part of a proposed mega-merger, with 63 locations in California. The majority of these California stores are in Southern California.

Employee Reassurance Amidst Change

CEO of Kroger sent a memo to all affected stores, informing employees about the spin-off plans to C&S Wholesale Grocers if the merger proceeds. However, all employees are assured of retaining their jobs with C&S, according to officials.

FTC Opposition and Rebuttals

The Federal Trade Commission is challenging the merger, citing concerns about potential price hikes and negative impacts on workers due to reduced competition. Kroger has refuted these claims, stating that no closures of stores, distribution centers, or manufacturing facilities are planned. They argue that the merger will benefit customers with lower prices and increased choices.

Union Stand Against the Merger

The United Food and Commercial Workers union, representing grocery workers, continues to oppose the merger. Legal challenges are underway, with hearings scheduled to run from the end of July through September.

California Stores Affected by the Merger

Here is a list of California stores that would be sold off in the proposed merger, with bolded locations in San Diego County:

  • Vons – 5671 Kanan Road, Agoura Hills
  • Pavilions – 9467 W Olympic Blvd, Beverly Hills
  • Pavilions – 1110 W Alameda Ave, Burbank
  • Vons – 301 N Pass Ave, Burbank
  • Vons – 820 Arneill Road, Camarillo
  • Vons – 6951 El Camino Real, Carlsbad
  • Vons – 3439 Via Montebello, Carlsbad

Read More of this Story at www.nbcsandiego.com – 2024-07-10 06:35:42

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