Haggen — a supermarket chain based in the Pacific Northwest — is suing Albertsons for $1 billion. The chain is alleging Albertsons tricked them into buying 146 stores to facilitate Albertsons' merger with grocery chain, Safeway and then proceeded to sabotage Haggen's entry into the new markets. Haggen claims Albertsons engaged in "systematic efforts" to eliminate it as a competitor in five states after the Federal Trade Commission forced Albertsons to sell 146 of its stores to Haggen as part of its merger with Safeway earlier this year, the LA Times reports.
A Battle Between Two Supermarket Chains Just Turned Into A Billion-dollar Lawsuit
Matthew Speiser, Business Insider
Tue, 09/01/2015 - 7:07pm
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For the fifth year in a row, Walmart is capturing more Charlotte-area shoppers’ grocery budget dollars despite heated competition from local grocers like Harris Teeter and Food Lion. It’s a lucrative ...
03/31/2024 - 10:50 pm | View Link - More
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