When a judge halted the proposed $24.6 billion acquisition of Albertsons by Kroger, the decision noted that “supermarkets are distinct from other grocery retailers.” And as GlobeSt.com has reported, the FTC previously argued that the deal would raise prices by eliminating head-to-head competition, and also weaken union bargaining power.
But what about the landlords?
“News of the failure of the merger is mostly good news for landlords who count on these supermarkets as anchor tenants,” David Curry, a partner at law firm Farrell Fritz, tells GlobeSt.com. “The merger would likely have resulted in the closure of several stores for each brand, both underperforming stores and any locations in which both brands serve a given community.”
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