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Katherine Rich: Foodstuffs’ power play could not be more ill-timed

Author
Katherine Rich,
Publish Date
Sun, 12 Nov 2023, 5:00AM
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Foodstuffs said last November it is trialling facial recognition technology at about 30 stores across the North Island.
Foodstuffs said last November it is trialling facial recognition technology at about 30 stores across the North Island.
Type

Katherine Rich: Foodstuffs’ power play could not be more ill-timed

Author
Katherine Rich,
Publish Date
Sun, 12 Nov 2023, 5:00AM
Comments
Comments

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.

We call it straight


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