The proposed merger of food retail giants Kroger and Albertsons has elicited criticism from one of New Mexico’s top elected officials.
New Mexico Secretary of State Maggie Toulouse Oliver last week signed a letter with six other secretaries of state rejecting the $24.6 billion deal — a move that, if approved, will mean the combined companies will control nearly a quarter of the national food retail market.
In the letter — sent to the chair of the Federal Trade Commission, Lina Khan — Toulouse Oliver and secretaries of state from Colorado, Rhode Island, Arizona, Maine, Vermont and Minnesota argue the merger would eliminate choice for consumers, adding that it could mean “no competitive incentive to bring down prices and … consumers will be powerless to hold the company accountable to promises of keeping prices low.”
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