American Economic Liberties Project released the following statement. “Visa is the poster child for a monopolist middleman siphoning money from consumers and small businesses without providing any real value,” said Morgan Harper, Director of Policy and Advocacy at the American Economic Liberties Project. “According to the DOJ’s latest suit, Visa refused to follow laws designed
testimony to courts and Congress that Albertsons was in “excellent” financial condition in order to justify a debt-fueled $4 billion special dividend to private equity investors. The real risk of store closures is if the merger does go through, due to a badly designed divestiture package that appears to be stacked with weaker stores that
divested to C&S due to their “very strong memory” of the “horrible experience” that resulted from Albertsons’ failed divestiture to Haggen. When she informed C&S of this real ity, C&S was “very surprised” and sounded like they had no plan for how to run acquired stores without those senior workers. A Kroger/Albertsons Merger Would Hurt
Albertsons have unionized workforces, and the merger could weaken unions' leverage—especially in markets where Kroger and Albertsons dominate—leading to worse conditions for workers. Read “Supermarket Squeeze: The Real Costs of the Kroger-Albertsons Deal” to learn more. Read Economic Liberties’ Myth/Fact on the Kroger-Albertsons Merger here. Read about other ways to stop domination by corporate giants
Members of Congress from both parties added to the chorus, while two states, Colorado and Washington, filed additional suits to block the merger. Read “Supermarket Squeeze: The Real Costs of the Kroger-Albertsons Deal” to learn more. Read Economic Liberties’ Myth/Fact on the Kroger-Albertsons Merger here. Read about other ways to stop domination by corporate giants