Foodstuffs takes softly-softly approach to water down regulation

Foodstuffs takes softly-softly approach to water down regulation
Grocery prices are rising faster than wages. (Image: Depositphotos)
Paul McBeth
The Foodstuffs co-operatives put on a brave front in their bid to soften looming government regulation, unlike their Australian rival, which posed the threat of rising prices. The co-ops made a joint written submission on the Grocery Industry Competition Bill, urging the government to be open to suggested tweaks to an untested backstop regulatory regime in the wholesale supply of groceries if Foodstuffs or the Woolworths-owned Countdown chain can’t reach commercial deals with suppliers. Foodstuffs told Parliament’s economi...

More Retail

The Warehouse’s plight in five charts
Retail Charts

The Warehouse’s plight in five charts

The private equity bid shows the company’s future is still anyone’s guess.

Gregor Thompson 26 Jul 2024
Serato and AlphaTheta have abandoned deal
Retail

Serato and AlphaTheta have abandoned deal

The CMA said it has received written assurances from the parties. 

Rebecca Howard 24 Jul 2024
Warehouse share trading complaint filed
Retail

Warehouse share trading complaint filed

The Warehouse had confirmed a buyout proposal had been lodged.

Gregor Thompson 24 Jul 2024
Stephen Tindall supports Warehouse takeover offer
Retail

Stephen Tindall supports Warehouse takeover offer

Bid from Australian private equity firm values shares at between $1.50 and $1.70.