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Axios
Business

Kroger is promising to lower prices after its proposed acquisition of Albertsons

Kroger Albertsons

With inflation raging, Kroger on Friday pledged to use its proposed acquisition of rival Albertsons to reduce prices.

  • That promise could help sell the deal. Still, experts and consumer watchdogs are split on whether a combined grocery chain behemoth will ultimately come to fruition.

Driving the news: On Thursday, Kroger confirmed its plans to buy Albertsons for about $24.6 billion, in a deal that pairs up two of the nation's four largest food retailers.

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