Government plans to restrict supermarkets’ power

 In Australia, NewZealand, Pharmacy, Woolworths
As supermarket giant, Woolworths eyes a push into the community pharmacy sector, the Federal Government is planning to restrict the power the big retailers have in the grocery market.


Bruce Billson, the Small Business Minister, is expected to issue a warning to Woolworths and Coles, today, that the new Government plans to tackle concerns about their market power, The Australian reported.


A draft of the speech Mr Billson is due to give to food industry leaders in Canberra today, seen by The Australian, suggests the Government is unhappy with the duopoly’s hold over the market. 


“While intensified competition between the two major chains has reduced grocery retail prices, there are concerns that those reductions come at the expense of suppliers and… Pharmacy News – Read more…

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