The Federal Trade Commission sued to block a proposed merger between the grocery giants, saying the $24.6 billion deal would eliminate competition and lead to higher prices.
Is it though? I fear that all this will do is allow WalMart to clobber them individually then take over their market share. A&K combined are already smaller than Wally World. (13% vs 22%). It would actually be more helpful to the grocery market if they forced Walmart to divest, what their doing with this is likely to end up with Walmart taking it all.
The FTC has always been harsher about monopolization via mergers versus business finding success independently. Not saying that’s the right way to handle things, but Walmart got to where they are through competing, not merging, with other businesses.
Very rare pro-consumer W
As a Canadian, what’s it like?
It’s like walking out of a doctor’s office without thousands of dollars in debt… I assume.
Is it though? I fear that all this will do is allow WalMart to clobber them individually then take over their market share. A&K combined are already smaller than Wally World. (13% vs 22%). It would actually be more helpful to the grocery market if they forced Walmart to divest, what their doing with this is likely to end up with Walmart taking it all.
Why not both
I actually agree. They’re targeting the smaller fish in "big business " when they should be focusing on Walmart amazon google and the like
The FTC has always been harsher about monopolization via mergers versus business finding success independently. Not saying that’s the right way to handle things, but Walmart got to where they are through competing, not merging, with other businesses.