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accc to oppose franklins sale to metcash
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the australian competition and consumer commission yesterday announced that it will oppose the sale of supermarket chain franklins to wholesale giant metcash, on the grounds that it would create a monopoly in wholesale supermarket supply in nsw, and make it more difficult for another wholesaler to enter the nsw market. metcash had announced its intention to purchase the 88 franklins stores for $215 million, and then onsell them to independent retailers under the iga brand, retaining supply rights. “central to the accc’s concerns is that the proposed acquisition is likely to result in a substantial lessening of competition through the removal of metcash’s closest and only genuine competitor for the wholesale supply of packaged groceries in nsw,” accc chairman graeme samuel said. metcash is australia’s largest wholesaling and distribution company servicing independent grocery retailers throughout australia, including those under the iga and supa iga banners. franklins operates 80 corporate-owned and 8 franchised franklins supermarkets in nsw, and is currently owned by pick n pay retailers (pty) limited, south africa’s largest retailer. “given the importance of competition in the grocery sector and of wholesale competition to allow independent supermarket retailers to compete effectively, the accc has conducted an extensive investigation of the proposed acquisition. it considered information from a wide range of sources, including supermarket retailers, suppliers, industry groups, consumers and other market participants. in addition, the accc conducted meetings and interviews and scrutinised a substantial number of internal company documents of the merger parties,” said an accc release. “the accc concluded that franklins’ ability to offer the full range of services means metcash faces competition in wholesaling services, terms, rebates and prices, to the advantage of independent retailers.” “our thorough review found that the proposed acquisition would have reduced the number of players competing to provide these services from two to one, effectively giving metcash a monopoly on grocery wholesaling to independent supermarkets in nsw. barriers to entry in this market are already high, making timely new entry of a competitor to metcash unlikely if this transaction proceeds,” said samuel “because of high fixed costs, potential entrants need a large number of supermarkets as customers to give them the scale to operate a wholesale network profitably. the proposed acquisition would have resulted in the removal of a large pool of 88 supermarkets, including many medium and large supermarkets, which would otherwise be contestable, either partly or wholly, by a new wholesale competitor,” mr samuel said. the accc also said that it was “aware that other parties, whose bids would not raise the same competition concerns as metcash’s bid and indeed may enhance competition, have expressed strong interest in acquiring the entire franklins business.” however, the chairman of pick n pay, mr gareth ackerman, said that no other offers for the franklins business had been made to them. “we are surprised and disappointed by the accc’s decision and fail to see how it could view the proposed sale to metcash trading as lessening competition. on the contrary we believe the sale is in the best interests of australian consumers. “we are also very surprised by the accc placing any weight in its decision on unnamed parties, who have apparently expressed strong interest to the accc in acquiring the franklins business. pick n pay has received no credible offer for the business from any party. “we will be digesting the implications of the accc’s decision and considering our next steps,” he said. the offer for the franklins chain by metcash was a welcome relief for the supermarket chain, with pick n pay intending to exit the australian market entirely after losses for eight out of its nine years’ presence. the accc’s decision will make that exit more difficult for the company, requiring them to activate their back-up plan - sale of individual supermarkets, or groups of supermarkets, by tender. -->
Source :ausfoodnews.com.au
Date :
18
November
2010
Category :
Rest
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both of australia’s major supermarket chains, coles and woolworths, have slashed prices on their own-brand milk offerings, in a move which they claim will not affect farmgate prices for their milk suppliers, but which has nevertheless caused consternation throughout the dairy industry. coles led the move when it reduced the price of a 2 litre bottle of own-brand milk by 47c to just $2 - which was immediately matched by its competitor, woolworth’s - in a ‘loss leader’ move aimed at reeling shoppers in from other supermarkets, such as aldi and iga.
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a new private member’s bill to be tabled this week to australian parliament would, if passed, require australia’s major supermarkets to reveal what percentage of the retail price of their fresh produce goes to the farmers. the farm gate pricing bill, drafted by independent senator nick xenophon and house of representatives independent bob katter, would need the support of a major party, in order to be passed.
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supermarket giants coles and woolworths have been taken to task over dodgy origin labelling, after an investigation by the nsw food authority revealed that two stores were selling mislabelled fruit the incident marks the first time coles and woolworths have been fined for country of origin labelling breaches, and both have been placed on the nsw food authority’s name and shame register. woolworths at newington in sydney has been fined $1540 for advertising lemons for sale as being the “product of australia” when the individual products were actually from the usa.
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the number of grocery products on promotion at tesco, asda, sainsbury\'s and ocado fell during december as the volume of promotions throughout the year made it difficult for the uk retailers to increase the level in the run-up to christmas. according to the latest data from just-food\'s promo tracker, all four retailers had less items on promotion in december, seen as one of the key selling periods in the uk grocery calendar.
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woolworths limited, australia’s largest supermarket operator, has reported a 7.5% surge in full year sales to $49.6 billion. chief executive officer, michael luscombe, said their results highlighted the resilience of the australian economy. “despite the global economic turmoil, 2009 has been a successful year with solid results across our business overall,” he said. “continued solid sales growth in food retailing and especially in discretionary areas like apparel, consumer electronics and homewares, highlights the underlying strength of the australian economy in these times.
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transport giant eddie stobart has warned that the supermarket demand for two-for-one offers is placing a strain on logistics firms, and increasing the number of miles the company’s fleet runs empty. a stobart group spokesman told foodmanufacture.co.uk that the comments, initially made back in may when ceo andrew tinkler gave a lengthy interview to a journalist – were “not meant to cause a storm” and were mentioned alongside other pressures.
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quote, unquote: just-food\'s week in words by: just-food.com | 10 june 2011 wal-mart president and ceo mike duke is looking to emerging markets for growthtwo of the world\'s leading grocery retailers this week outlined the scope of their ambitions - wal-mart through emerging markets and tesco through its online operations. meanwhile, just-food interviewed milk link\'s ceo neil kennedy about its expansion strategy.
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rising commodity prices: should we be concerned? that is a key question facing the food industry. again this week there was much comment on the issue and the possible impact on the sector. sainsbury\'s boss justin king, for instance, warned suppliers they would have to work hard to justify price increases. meanwhile, the uk retailer, widely seen to have outperformed its rivals over christmas, issued its festive numbers this week, alongside the likes of tesco, marks and spencer and morrisons.
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Coca.Cola
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PEPSI
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Mcdonald
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Nestle
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Mars
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Baskin & Robins
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Nutrika
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Mumika
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Chika
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the national heart foundation of australia yesterday announced that it has been asked by the gillard government to help set targets for 