Kevin O'Leary Slams NYC Mayor Mamdani's 30% Grocery Discount Plan, Warning Stores Will Lose Money On 'Every Single Sale': 'Who Will Pay for Those Losses?'

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New York City Mayor Zohran Kwame Mamdani on Monday unveiled a plan to offer a 30% discount on essential groceries at five city-backed grocery stores, prompting criticism from “Shark Tank” investor Kevin O’Leary, who said taxpayers would ultimately bear the cost.

In a post on X, Mamdani said shoppers at the city’s planned municipal grocery stores would receive a 30% discount on eggs, milk, chicken, fresh produce and other everyday essentials.