woolworths Archive

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  “A victory for supermarket consumers and competition in markets” - by frog

  
  
  
  That’s how the Commerce Commission is describing the Court of Appeal’s decision to block Woolworths and Foodstuffs from buying out their competitor the Warehouse. Commerce Commission Chair Paula Rebstock says New Zealand consumers know that more competition is needed in the supermarket sector: “The Commission declined clearance in mid-2007 for acquisition by either Foodstuffs or [...] read more
  July 31, 2008 1:19 pm - 3 Comments
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  Australia’s supermarket inquiry finds tainted submissions - by frog

  
  
  
  The chief of the Australian Competition and Consumer Commission, Graeme Samuel has just announced that powerful vested interests have been making ‘tainted submissions’ to its inquiry into grocery pricing.  Jeanette called last month for a similar inquiry to the impact of supermarket pricing on both farmers and consumers here in New Zealand.  Here is snippet [...] read more
  June 20, 2008 8:53 am - 8 Comments
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  ComCom vs Woolies court case continues - by frog

  
  
  
  As I hoped the Court of Appeal case between the Commerce Commission and Woolworths finally started to generate some comment about what was best for consumers rather than shareholders. Currently Woolworths and Foodstuffs own about 99 percent of New Zealand’s grocery market.  The Commerce Commission lawyers’ opening evidence was covered on Radio New Zealand this [...] read more
  April 30, 2008 10:16 am - No Comments
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  Supermarket duopoly goes to court today - by frog

  
  
  
  New Zealand’s supermarket merger case goes back to court today with Australian supermarket giant, Woolworths, and New Zealand equivalent, Foodstuffs, both seeking the right to buy the Warehouse. All of the media coverage is in the business pages and looks at what might be best for Woolworths, Foodstuffs and Warehouse shareholders. I haven’t seen any [...] read more
  April 28, 2008 2:03 pm - 21 Comments
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  Food sovereignty - by frog

  
  
  
  The future of New Zealand’s grocery market continues to wind its way through the courts. Last year the High Court overruled the Commerce Commission’s decision to prevent either Foodstuffs or Woolworths from buying the Warehouse. The Commerce Commission is now appealing that decision and a result is expected from Justice Mallon shortly. The Commerce Commission [...] read more
  January 30, 2008 4:51 pm - 13 Comments
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  Aussie supermarket duopoly comes under the spotlight - by frog

  
  
  
  New Zealand is not the only country facing rising food costs. Over in Australia the government has directed its Competition and Consumer Commission to launch an inquiry into food prices. Interestingly there the inquiry is focusing on the perceived lack of competition between Australia’s two major grocery suppliers, Woolworths and Coles, who between them control [...] read more
  January 23, 2008 9:19 am - 3 Comments