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Report: Group of grocers may have violated antitrust law
San Francisco -- A Bloomberg report on Tuesday said that three major grocery chains may have violated antitrust law by profit-sharing during a strike.
The U.S. Court of Appeals in San Francisco on Tuesday ruled that Safeway, Supervalu Inc.’s Albertson’s and Kroger Co.’s Ralph’s supermarket chains were not exempt from antitrust scrutiny, as a court last year overturned a lower-court ruling that the agreement, reached during a 2003 conflict with the companies’ unions, didn’t violate antitrust law.
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Wal-Mart’s Massmart to expand fresh food through acquisition
Johannesburg, South Africa -- The South African retailer owned by Wal-Mart Stores will make a key acquisition to expand its fresh food offerings, according to a Tuesday report by Bloomberg.
Massmart Holdings Ltd. said it will acquire The Fruitspot as part of its plan to expand its fresh foods. A Massmart spokesman told Bloomberg that the retailer aims to increase its business in butcheries, bakeries and fruit and vegetable suppliers.