Metcash squeezed by big two
THE most ”potent” form of competition facing the grocery wholesaler Metcash was an indirect constraint provided by Woolworths and Coles, the Federal Court heard yesterday.
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Franklins, the New South Wales vertically integrated supermarket chain that Metcash wants to buy for $215 million, provided only weak competition, which ”has diminished over time”, Metcash’s barrister said. Business Day – Read more…
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