ACCC counsel assisting Naomi Sharp,SC,had plenty of questions in the supermarket inquiry hearings,but supermarket executives skirted around the answers at times.
Woolworths,Coles,Aldi and Metcash chief executives will be summoned to front ACCC inquiry hearings due to begin in November.
IGA operator Metcash is facing tougher supermarket regulations and battling to win over price-conscious shoppers amid an 15.5 per cent uptick in private-label sales.
The boss of Metcash Food calls for even stronger merger laws,while Aldi Australia’s boss explains why it has no stores in Tasmania.
Treasurer Jim Chalmers said the government would reform competition rules for supermarkets to drive down prices and address claims of market manipulation.
The IGA operator is looking to expand by acquiring a major foodservice distribution business and two hardware suppliers.
Premier Investments’ former chief executive Richard Murray will start in his new job at Total Tools at the end of this month.
Metcash CEO Doug Jones wants to see IGA become Australia’s supermarket of choice as it lowers prices to compete more fiercely with Coles and Woolworths.
Mathew Manson has left a string of puzzled customers in his wake,including a luxury watchmaker,a deodorant entrepreneur and a team of Easter Show face painters.
A Dan Murphy’s outlet supported by an Aldi supermarket and five speciality retailers in Shepparton has been sold for $13 million.
Metcash says IGA stores have managed to hold on to most of the lockdown-affected households they picked up during the pandemic and that consumer demand remains steady despite successive rate rises.