Kroger and Albertsons CEOs Defend Merger in Court

Executives argue that the merger will lower prices and preserve jobs, while FTC raises concerns about competition and store closures.

Kroger and Albertsons CEOs testified that merging would help them compete with Walmart and Amazon.
FTC lawyers argue the merger could reduce competition and increase prices in certain regions.
Kroger promises no immediate store closures but acknowledges potential future consolidations.
Albertsons warns of possible layoffs and market exits if the merger is blocked.
The FTC seeks an injunction to halt the merger while its lawsuit proceeds.