By Judith Kohler
Source: Denver Post
A merger of Kroger and Albertsons would cost Colorado consumers as much as $500 million a year because of a lack of competition, a lawyer from the Colorado Attorney General’s office argued Monday at the start of the state’s trial seeking to block the grocery chains from combining.
Together, the two companies account for at least 50% of all the supermarket sales in Colorado, said Arthur Biller with the attorney general’s office. He said they’re intense rivals that compete on prices and on a number of fronts.
“The merger of these two firms would mean the loss of competition and have a devastating effect on Colorado,” Biller said.
Share This Story
