Supermarket chains had big role in Rosella collapse, says receiver
The receiver of Australian food brand Rosella says supply arrangements with Coles, as well as Woolworths supermarkets, played a big role in the company’s collapse two years ago.
The Gourmet Food group, makers of Rosella sauce and Waterwheel biscuits, fell into receivership in 2012 before parts of the business were sold off last year.
The collapse came less than a year after the competition watchdog alleges Coles began a campaign to boost its pre-tax earnings by as much as $30 million by demanding payments from 200 suppliers – including Waterwheel.
The campaign is now part of Federal Court proceedings by the Australian Competition and Consumer Commission against the supermarket chain over alleged unconscionable behaviour. Sydney Morning Herald – Read more…
The Gourmet Food group, makers of Rosella sauce and Waterwheel biscuits, fell into receivership in 2012 before parts of the business were sold off last year.
The collapse came less than a year after the competition watchdog alleges Coles began a campaign to boost its pre-tax earnings by as much as $30 million by demanding payments from 200 suppliers – including Waterwheel.
The campaign is now part of Federal Court proceedings by the Australian Competition and Consumer Commission against the supermarket chain over alleged unconscionable behaviour. Sydney Morning Herald – Read more…
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