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Benzinga
Benzinga
Business
Tanya Rawat

GOP Grocer-Turned-Congressman Mike Rulli Warns Mamdani's City-Owned Grocery Stores Will 'Bleed Red' Until They Collapse: 'They Might Not Even Last a Year...'

Democratic,Party,Mayoral,Candidate,And,Front,Runner,Zohran,Mamdani,Participates

Rep. Mike Rulli (R-Ohio) criticized New York City Mayor Zohran Mamdani’s plan to open five government-backed grocery stores, warning the taxpayer-funded initiative could drive small businesses out of business and fail within a year.

According to an interview published by Fox News on Wednesday, Rulli, whose family owns the Ohio-based Rulli Brothers grocery chain, said government-run stores would struggle to compete sustainably because of the industry’s thin profit margins.

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