Kroger said yesterday that as part of its Zero Hunger | Zero Waste plan, it will, upon completion of its proposed $24.6 billion acquisition of Albertsons, "donate 10 billion meals by 2030 to feed people struggling with hunger.
"Ten billion meals is enough food to feed every person in the cities of Seattle, Denver, Chicago and Boston every meal, every day, for nearly two years.
"Our Zero Hunger | Zero Waste impact plan is centered around connecting people to the food they need to thrive," said Rodney McMullen, chairman & CEO, The Kroger Co. "We believe food should serve its highest purpose – powering healthy lives. Today, we feed others through daily store donations of surplus fresh food for local food banks, charitable giving to organizations focused on feeding people, and coalitions of action to achieve our mission. Together, Kroger and Albertsons Cos. will be able to do much more for our communities than we can do separately."
I suspect that Lina Khan, the chair of the Federal Trade Commission (FTC), may not be swayed by this commitment, noble as it may be. She's still going to focus on whether the deal is good for shoppers and competition.