Comment on Failure of Kroger-Albertsons merger may lead to layoffs, store closures, CEO says

Failure of Kroger-Albertsons merger may lead to layoffs, store closures, CEO says

If the merger with Kroger doesn’t go through, the CEO of Albertsons Cos. Inc. said in court Wednesday that his company might have to consider layoffs and leave certain markets to remain competitive and financially secure in the long term. Vivek Sankaran testified for several hours in Denver District Court during the second week of the trial in the state of Colorado’s lawsuit that seeks to block the consolidation of the two supermarket chains.

 

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