Kroger announces resignation of CEO Rodney McMullen
CINCINNATI—The Kroger Company announced on March 3 that Chairman and Chief Executive Officer Rodney McMullen has resigned from the Company following a Board investigation of his personal conduct that, while unrelated to the business, was inconsistent with Kroger’s Policy on Business Ethics. The Board has appointed Lead Director Ronald “Ron” Sargent, 69, to serve as Chairman […]
Grocer Wars: Albertsons calls off merger, now suing Kroger
BOISE, Idaho—A day after a federal judge blocked the $25 billion merger of grocery giants Albertsons and Kroger, Albertsons files a multi-billion-dollar lawsuit against Kroger for breach of merger agreement. The lawsuit filed in the Delaware Court of Chancery, is bringing claims for willful breach of contract and breach of the covenant of good faith […]
Kroger and Albertsons $25 billion mega-merger blocked by the courts
SEATTLE—The merger of grocery giants Kroger and Albertsons were blocked today after a series of court rulings stating that the deal violates antitrust laws. Today, King County Superior Court Judge Marshall Ferguson ruled that the proposed merger of grocery giants Kroger and Albertsons is unlawful and cannot go forward. The decision came following a September […]
FTC new rule bans noncompetes nationwide, US Chamber files lawsuit
WASHINGTON, D.C.—The Federal Trade Commission (FTC), the federal agency responsible for policing and preventing unfair competitive practices in commerce, announced a new rule, on April 23, banning the use and enforcement of noncompetes nationwide. The FTC Commissioners determined that noncompetes are an unfair method of competition, and therefore violated Section 5 of the FTC Act. […]
