Palisades’ Vons Market Among Hundreds to be Sold Under Merger Plan

The Sale Is Intended to Satisfy Regulators

By Zach Armstrong

The Vons supermarket in the Pacific Palisades, located at 17380 Sunset Blvd, is one of hundreds of stores that Kroger and Albertsons seek to sell in order for regulators to approve their massive merger, as per an updated plan. 

The intended $25 billion merger between the grocery franchises was first announced in 2022, when an agreement was reached for Kroger to acquire Albertsons. Both chains are the parent companies of prominent California brands: Safeway, Vons and Pavilions belonging to Albertsons, while Kroger owns Ralphs and Food 4 Less. 

If approved, the new combined business would own almost 5,000 stores, thousands of pharmacies and fuel centers, and dozens of distribution centers and plants, according to Patch. 

While union leaders and regulators criticized and attempted to block the move, such as when the FTC sued to halt the acquisition in February, Kroger CEO Rodney McMullen alleged the move would save as much as $1 billion and lead to lower prices and higher wages.

Under the deal, Golden State locations would be sold to C&S Wholesale Grocers, according to Patch. 

The Pali storefront would be one of more than 60 California locations offloaded by the companies, and among several in L.A. County such as those in Malibu, Culver City, Beverly Hills, Huntington Beach, Marina del Rey and West Hollywood. 

In its suit, the FTC asserts that the deal would lead to higher prices for groceries and other essential household items, reduce competition which would lower the quality of products while narrowing consumers’ choices for where to shop, and erase competition among workers. 

“This supermarket mega merger comes as American consumers have seen the cost of groceries rise steadily over the past few years. Kroger’s acquisition of Albertsons would lead to additional grocery price hikes for everyday goods, further exacerbating the financial strain consumers across the country face today,” said Henry Liu, Director of the FTC’s Bureau of Competition, in a news release. “Essential grocery store workers would also suffer under this deal, facing the threat of their wages dwindling, benefits diminishing, and their working conditions deteriorating.”

That suit is scheduled for trial at the end of August, according to Patch.
For a full list of the two chains’ stores and distribution centers planned for divestment, go to https://assets.website-files.com/63128e32f4c52f8fbaea44ef/668d7eb1797a0acfbe72ca8d_Planned%20Divestiture%20Locations.pdf.

in Hard, News
Related Posts

Summer at Annenberg:Swim Daily and Watch the Sunset

July 12, 2024

July 12, 2024

By Susan Payne A unique, inclusive community destination along the Pacific Coast Highway of Santa Monica is inviting you to...

Both Drivers Have Been Identified in Fatal Malibu Crash on July 4

July 12, 2024

July 12, 2024

Collision on Pacific Coast Highway Leaves One Driver Dead Law enforcement officials have identified the drivers in the tragic accident...

This Homeless Santa Monica Resident Saved a Teenage Girl From a Vicious Attack

July 12, 2024

July 12, 2024

City Council’s Commendation for Wilker Was Made at Its Most Recent Meeting on July 9 By Zach Armstrong Santa Monica City...

Will Pali Rec Center’s New Playground be Ocean, Forest, or Desert Themed?

July 11, 2024

July 11, 2024

Feedback on the Designs Will Be Shared With the Palisades Palisades Park Advisory Board By Zach Armstrong The Palisades community...

(Video) Renowned Soprano Singer to Make L.A. Homecoming at Broad Stage

July 11, 2024

July 11, 2024

Golda is scheduled to perform on July 13 at 8 p.m. @palisadesnews This Saprano singer is set to take the...

Reward Offered for Information on Abused German Shepherd Found Near Malibu Creek Canyon

July 11, 2024

July 11, 2024

Groups Seek Justice for Argon, Dog Discovered with Zip-Tied Mouth and Neck In Defense of Animals and Peace 4 Animals are...

Council Approves Five-Year-Plan to Improve Big Blue Bus Services

July 11, 2024

July 11, 2024

The Initiative Aims to Expand Operating Hours, Improve Connectivity, and Create More Frequent Service By Zach Armstrong A five-year plan from...

A Homeless Man in a Palisades Canyon Was Found With a Revolver. Its Property Owner Has Neglected the Site for Years

July 10, 2024

July 10, 2024

The Entire Canyon Is Now a Significant Fire Hazard, According to Officials By Zach Armstrong Within a Pacific Palisades canyon,...

LAPD Detectives and LASD Nab Group Responsible for Over 30 Residential Burglaries

July 10, 2024

July 10, 2024

“Reflector Vest Crew” Burglary Suspects Arrested in Los Angeles In collaboration with the Los Angeles County Sheriff’s Department Major Crimes...

Santa Monica Artist Dave Quick’s “Return from the Burn” Exhibition to Open at Bergamot’s Lois Lambert Gallery

July 10, 2024

July 10, 2024

Pre-Burning Man Showcase Features Kinetic Art and Sculptures Coated with Playa Dust, Opens July 13 With upwards of 80,000 attendees,...

United Plane Loses Tire During LAX Takeoff; Man Tasered in Separate Airport Incident

July 9, 2024

July 9, 2024

Tire Incident Was the Second in Four Months, Plane Landed Safely  Early Saturday morning, a shirtless and barefoot man experiencing...

(Video) Newly Rebranded Santa Monica Hotel Shines a New Light on the Neighborhood

July 9, 2024

July 9, 2024

The Revitalized Business is Also Available For Events @palisadesnews The newly rebranded Santa Monica Hotel casts a new light on...

Award-Winning Soprano Makes Broad Stage Debut

July 9, 2024

July 9, 2024

Golda Zahra to Perform in LA July 13 By Susan Payne Renowned Soprano Golda Zahra is making her homecoming back...

Electric Lodge Hosts Summer Empowerment Fair

July 9, 2024

July 9, 2024

Performing Arts Center Partners with LADWP By Susan Payne Performance. Sustainability. Community. These are three virtues leading the charge for...

‘Grease: School Version’ Coming to Pierson Playhouse

July 8, 2024

July 8, 2024

The Production Will Feature Over 45 Youth Actors, Ranging in Age From 7 to 15 Years Theatre Palisades Youth will...