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.
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…