Business
ACCC says Woolworths’ proposed $552 million acquisition of food distributor PFD could restrict competition – ABC News
The competition watchdog says a proposed merger between Woolworths and a private food distributor could give the supermarket giant too much power, threaten the…
The Australian Consumer and Competition Commission (ACCC) says a $552 million acquisition by Woolworths of privately owned PFD Food Services could give the supermarket giant too much bargaining power and reduce consumer choice.
- The ACCC is concerned the merger will restrict choice for food manufacturers and lessen competition between independent supermarkets
- The Australian Small Business ombudsman Kate Carnell said allowing the merger to go ahead would make Woolworths too powerful against smaller…
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