At a time when high grocery prices and supermarket power are seldom out of the news, Foodstuffs has lobbed a Molotov cocktail into the political arena by announcing its plan to consolidate its market position and formally merge its North and South Island operations.
It’s pitching the merger as a way of introducing more grocery competition, innovation, and value for New Zealand shoppers. All the Commerce Commission needs to do is approve even greater Foodstuffs market power so it can entrench its duopoly position further. Easy.
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