Metcash ruling undermines retail competition, says ACCC
SUPERMARKET shelf prices could rise if a Federal Court judge’s decision to allow grocery wholesaler Metcash to buy Franklins and become a monopoly supplier to independent supermarkets is not overturned.
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On the opening day of an appeal to the judgment allowing Metcash to proceed, the Australian Competition and Consumer Commission argued the court had failed to identify a competitive market in the supermarket wholesale industry. The ACCC said that if its appeal succeeded, it would seek orders forcing Metcash to divest Franklins stores. Sydney Morning Herald – Read more…
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