Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Foodstuffs’ Tactics Predictable


July 2, 2001

Foodstuffs’ Tactics Predictable

The Foodstuffs (Auckland) Limited decision to appeal last week’s High Court judgement that the Commerce Commission should apply the dominance test to Progressive’s application to acquire Woolworths New Zealand is “totally predictable” managing director of Progressive, Ted Van Arkel, said today.

Progressive Enterprises is owned by Perth-based Foodland Associated Limited and is seeking Commerce Commission approval to acquire Woolworths New Zealand.

“While this is a matter for the Courts to decide, it is totally predictable that Foodstuffs is continuing to obstruct our commercial interests,” he said. “They are running a litigation strategy in their attempt to block this acquisition because they know it will bring real competition into the New Zealand market.”

“Obviously they are concerned that a successful acquisition of Woolworths New Zealand by Progressive will bring increased competitive pressure to food retailing in New Zealand,” he said. “That competition will mean a reduction in prices for the New Zealand consumer.”

Foodstuffs has over 55 percent of total supermarket sales, Progressive 21 percent and Woolworths New Zealand 18 percent.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Dry: Beef + Lamb Launches Drought Resources

The resources include a fact sheet outlining strategies to manage and mitigate the effects of drought, coping with stress on the farm and advice on feed requirements and animal welfare during the dry period. More>>

ALSO:

InternetNZ: Net Neutrality Failure In US "Will Hurt All Users"

InternetNZ Chief Executive Jordan Carter has condemned the decision by the United States communications regulator to undo 2015 open Internet rules, warning that all Internet users will end up worse off as a result. More>>

ALSO:

Mycoplasma Bovis: More Properties Positive

One of the latest infected properties is in the Hastings district, the other three are within a farming enterprise in Winton. The suspect property is near Ashburton. More>>

ALSO:

Manawatū Gorge Alternative: More Work Needed To Choose Route

“We are currently working closely and in partnership with local councils and other stakeholders to make the right long-term decision. It’s vital we have strong support on the new route as it will represent a very significant long-term investment and it will need to serve the region and the country for decades to come.” More>>

ALSO:

ScoopPro: Helping PR Professionals Get More Out Of Scoop

Scoop.co.nz has been a fixture of New Zealand’s news and Public Relations infrastructure for over 18 years. However, without the financial assistance of those using Scoop in a professional context in key sectors such as Public Relations and media, Scoop will not be able to continue this service... More>>