Will supermarkets get broken up?

Supermarkets bargain hard, but savings are not passed on to consumers. (Image: Depositphotos)

Wed, 04 Aug 2021

The retail grocery market study draft findings may surprise some due to the strength of its preliminary conclusions and scope of potential recommendations. But how did we get here? Is the draft really that bold?In 2001, Progressive sought Commerce Commission clearance to buy Woolworths NZ – a “three-to-two” merger. The application was lodged the day before a law change altered the merger test from a dominance (near-monopoly) to a 'substantial lessening of competition' test. The commission considered the appli...

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