Jewel-Mariano’s Parent Companies’ $25 Billion Deal Delayed | Eater Chicago
"Part of a proposed $25 billion combination between its parent company and another major grocer, this supermarket chain has been caught up in an extended regulatory battle: the federal government was expected to weigh in on antitrust concerns, one state attorney general has filed suit to block the deal, and the companies pushed back the projected closing into the first half of the acquiring grocer’s fiscal 2024 (which ends Aug. 12). Critics worry the merger — which would create a chain with more than 5,000 stores — could reduce competition and raise prices, while the merging companies argue they need greater scale to compete with big rivals like Walmart and Amazon. The outcome remains uncertain for local shoppers and for the brand’s future in Chicago." - Ashok Selvam
