Commission says ‘no’: Foodstuffs co-ops disappointed by merger rejection

Foodstuffs co-ops operate Pak’nSave, New World and Four Square stores around the country. (Image: Paul Taylor)

Tue, 01 Oct 2024

Foodstuffs North Island and Foodstuffs South Island say they are "disappointed" by the Commerce Commission's rejection of their merger proposal.The separate grocery co-operatives sought clearance to merge into a single national entity in late 2023. After extending the process on several occasions, ComCom made its determination on Tuesday.ComCom chair John Small said the merger would have resulted in a permanent structural change to the grocery industry and was not satisfied it would not substantially lower competition. &ldqu...

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