Judd Legum

@JuddLegum ↗

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Last Checked Dec. 16, 2022

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Mon Dec 05 14:11:38 +0000 2022

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Judd Legum @JuddLegum

@kroger @Albertsons 3. @kroger recently announced an agreement to purchase @Albertsons, the nation's second-largest grocery store chain, for about $25 billion. Albertsons itself acquired another major competitor, Safeway, in 2015 for $9.2 billion. https://t.co/3BWbpkFXCp — PolitiTweet.org

Posted Dec. 5, 2022

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Judd Legum @JuddLegum

@kroger @Albertsons 2. @kroger recorded a $3.5 billion profit in 2021 and projects an even larger haul, $4.9 billion, in 2022. Kroger itself has fueled the consolidation, acquiring a slew of competing chains, including Harris Teeter and Fred Meyer. Now, Kroger wants to get MUCH BIGGER — PolitiTweet.org

Posted Dec. 5, 2022

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Judd Legum @JuddLegum

4. The combined grocery behemoth that would operate nearly 5,000 stores and control 22% of the grocery market in the United States, trailing only Walmart Kroger-Albertsons and Walmart "would control 70 percent or more of the [grocery] market in 167 cities in the United States." — PolitiTweet.org

Posted Dec. 5, 2022