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Tag: Business mergers

Who are King Soopers’ real competitors? Merger trial picks apart Colorado grocers
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denvergazette.com, State

Who are King Soopers’ real competitors? Merger trial picks apart Colorado grocers

By Bernadette Berdychowski | Denver Gazette The parent companies of King Soopers and Safeway, Kroger and Albertsons, have stressed throughout the merger process they need to join forces to compete against behemoths like Walmart, Costco and Amazon. On Monday, Kroger CEO Rodney McMullen testified in Denver District Court about the multi-format stores taking customers from the traditional grocer. The number one threat? Walmart, he said. READ THE FULL STORY AT THE DENVER GAZETTE
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Colorado lawsuit attempting to block Kroger, Albertsons merger will begin next week
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kdvr.com, State

Colorado lawsuit attempting to block Kroger, Albertsons merger will begin next week

By Gabrielle Franklin | Fox 31 News Colorado’s lawsuit against the parent companies of King Soopers and Safeway is set to begin next week. Before that happens, Colorado Attorney General Phil Weiser briefed the public about the case. Several other lawsuits surrounding the merger are being heard across the U.S., but Weiser said Colorado’s case is a little different from the rest. “In July, a district court judge ruled that the merger had a reasonable probability of violating the law here in Colorado — the Colorado Antitrust Act. That ruling put a temporary pause on the merger. We’re now prepared for what we believe will be the case that will end this merger and will prevent it from harming Coloradans,” said Weiser during a news conference Thursday. READ THE FULL STORY AT FOX 31 N...
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