Retail

Forced divestment touted as only route to supermarket competition

Pattrick Smellie
Tue, 11 Jan 2022

Forced divestment touted as only route to supermarket competition
Divestment might lower prices, but not by much. (Image: Getty)
Pattrick Smellie
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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