Coles to refund suppliers as it settles cases with ACCC

 In Australia, Coles, NewZealand
In a major backflip, supermarket chain Coles has offered to refund certain payments to suppliers after admitting that it engaged in unconscionable conduct.
The Australian Competition and Consumer Commission confirmed on Monday that it was seeking orders from the Federal Court in Melbourne – including declarations and fines – after reaching agreement with Coles to settle two separate legal proceedings involving unconscionable conduct.
The orders being sought include declarations, based on admissions by Coles, that Coles engaged in unconscionable conduct with respect to a number of suppliers in 2011, in contravention of the Australian Consumer Law.  Sydney Morning Herald – Read more…

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