As speculated last week, the next challenge for the proposed $24.6 billion merger between Kroger and Albertsons is coming from the federal government. The Federal Trade Commission (FTC) today announced it has filed a lawsuit to block the merger in the U.S. District Court for the District of Oregon, alongside a bipartisan group of nine attorneys generals from Arizona, California, the District of Columbia, Illinois, Maryland, Nevada, New Mexico, Oregon and Wyoming.
The Federal Trade Commission (FTC) alleges that Total Wine & More “will continue to evade its production obligations absent an enforcement order” from the U.S. District Court for the Eastern District of Virginia. The agency and the national beverage-alcohol retailer are at odds over whether Retail Services & Systems, Inc. (RSSI), Total Wine’s parent company,… Read more »
The legal battle between the Federal Trade Commission (FTC) and national bev-alc retailer Total Wine & More continued this week when the chain filed a motion to oppose the agency’s petition to force it to comply with a civil investigative demand (CID). The FTC last month claimed Total Wine’s parent company, Retail Services & Systems,… Read more »
Nationwide, sales of distributed draft beer have stalled at the same levels reached in 2021, as the on-premise reopened following COVID-19 pandemic-driven closures.
Convenience store retailers had a “slightly more pessimistic outlook” for beer trends in Goldman Sachs’ Q2 Beverage Bytes survey, citing “broader economic pressures/fears of recession, impacts from cooler weather” and the continued “negative impacts from the recent Bud Light controversy.”
