ComCom not convinced Foodstuffs' merger won't hurt competition

Foodstuffs North Island CEO, Chris Quin. (Image: NZME)

Thu, 04 Apr 2024

The Commerce Commission remains unsatisfied that a proposed merger between Foodstuffs North Island and Foodstuffs South Island would not “substantially lessen competition”. The two currently operate as separate co-operatives but, late last year, sought clearance to merge into a single national grocery entity.If the merger gets a green light, there would only be two major grocery retailers that acquire grocery products from suppliers in New Zealand: the merged entity and Woolworths. Competition within the supermarket industry ha...

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