Attorney General Bonta: Californians Can Breathe Easy after Abandonment of Albertsons, Kroger Merger

Merger would have further squeezed the pockets of grocery shoppers

OAKLAND — California Attorney General Rob Bonta today issued a statement after Albertsons announced it was terminating its $24.6 billion merger with Kroger. Kroger and Albertsons are the largest supermarket chains in the country, and the proposed merger presented a significant risk of reduced competition and higher food prices nationwide, especially in Southern California. In February 2024, Attorney General Bonta joined the Federal Trade Commission and a bipartisan coalition of states in filing a lawsuit in the U.S. District Court in Portland to challenge the proposed merger. Today’s announcement follows a court decision yesterday halting the proposed merger. 

“As the fifth largest economy in the world, California has an outsized responsibility in ensuring business practices are fair and competitive, and this week, we’ve delivered. Corporate consolidation means big profits for corporations out of the pockets of California consumers and our local economies. The end of the proposed Kroger-Albertsons merger is a tremendous victory for grocery shoppers, workers, and businesses who compete fairly,” said Attorney General Bonta. “I am proud of the work my office has done in collaboration with the Federal Trade Commission and remain steadfast in my commitment to economic justice and protecting an economy where both businesses and families can thrive.”