Forced divestment touted as only route to supermarket competition

Divestment might lower prices, but not by much. (Image: Getty)

Tue, 11 Jan 2022

The Commerce Commission is barking up the wrong tree with most of its recommendations for promoting supermarket competition, says the managing director of one of the region’s leading food and grocery consultancies, Coriolis Australia.In a cross-submission following the competition watchdog's public hearings last November, Coriolis MD and founder Tim Morris said the only way to break the power of the two main supermarket owners in NZ – Foodstuffs and Woolworths/Countdown – is to force divestments when market share gets too...

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Markets

Another solar farm gets the nod from Genesis

Genesis Energy has approved the construction of the Edgecumbe Solar Farm in the Bay of Plenty, marking its second major solar commitment in as many months.The company made a final investment decision (FID) on the 136 megawatt peak (MWp) farm, clearing the way for work to begin sh...

Ian Llewellyn 9:40am

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