Coles, ACCC in talks to settle supplier case
The competition regulator and Coles are in confidential discussions to settle unconscionable conduct cases relating to the supermarket chain’s treatment of suppliers.
"There are some discussions going on to come to an agreement" said a source close to Coles.
"It’s the natural thing to do in these cases. Coles doesn’t want these things dragging on."
The ACCC, Coles and Wesfarmers declined to comment, saying the two cases were before the court.
The ACCC recently alleged that Australia’s second-largest retailer breached the law by engaging in unconscionable conduct against five suppliers. It alleged Coles forced suppliers to pay "gaps" in the profit it made and the profits it wanted to make on products such as frozen food, potato chips and shower cleaner, even when it had no legitimate basis to do so. Sydney Morning Herald – Read more…
"There are some discussions going on to come to an agreement" said a source close to Coles.
"It’s the natural thing to do in these cases. Coles doesn’t want these things dragging on."
The ACCC, Coles and Wesfarmers declined to comment, saying the two cases were before the court.
The ACCC recently alleged that Australia’s second-largest retailer breached the law by engaging in unconscionable conduct against five suppliers. It alleged Coles forced suppliers to pay "gaps" in the profit it made and the profits it wanted to make on products such as frozen food, potato chips and shower cleaner, even when it had no legitimate basis to do so. Sydney Morning Herald – Read more…
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