Wesfarmers’ Coles gets ACCC green light to buy five Supabarn stores

 In Australia, Coles, NewZealand
Coles has gained clearance from the Australian Competition and Consumer Commission to acquire five supermarkets from the Koundouris family’s Supabarn Group, increasing its market share in the ACT and New South Wales.
However, Supabarn will keep four stores and two development sites that were originally part of the deal after the competition regulator raised concerns about the impact on competition.
"We received vocal feedback from members of the public that Supabarn is competitive and has a differentiated offer from that of the other major supermarket chains. This was borne out by our own analysis," ACCC chairman Rod Sims said on Thursday. Sydney Morning Herald – Read more…

Recent Posts

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.