9/12/23

Food giants' merger concerns AGs, locals

The Kroger/Albertsons merger is causing significant heartburn among policymakers here in New Mexico but we’re blessed with Trader Joe’s, Whole Foods, Natural Grocers and a local coop so the impact could create more food deserts in rural communities. There are also two Sprouts in Santa Fe, a sprawling farmer’s market, roadside produce stands along nearly every byway and numerous Latino markets that serve local communities. 

Twelve Albertsons stores in New Mexico are part of the proposed $24.6 billion merger as are 24 Smith’s, owned by Kroger. In August New Mexico Secretary of State Maggie Toulouse Oliver signed a letter with secretaries of state from Colorado, Rhode Island, Arizona, Maine, Vermont and Minnesota rejecting the deal. Which Albertsons or Smith's in the state would be sold or if the sale of those supermarkets would affect storefront names remains a mystery. 

The companies argue that competition from Walmart, Costco and others are forcing consolidation in the industry.

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1 comment:

  1. larry kurtzApril 24, 2024 at 4:21 AM

    Nine Albertsons could close in New Mexico but in Santa Fe the three operations there are way better than the two Smith's are.

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