Foodstuffs disappointed in Commerce Commission rul

Foodstuffs disappointed in Commerce Commission ruling

Managing Director of Foodstuffs NZ Limited Tony Carter says he is very disappointed that the Commerce Commission has ruled against its application for clearance to acquire up to 100 percent of The Warehouse.

“We believe we put forward a robust case and it’s an extremely disappointing outcome,” he says.

Mr Carter says Foodstuffs would digest the ruling and consider its implications before deciding on the organisation’s next steps.

“We need to take a considered view, but what we can say at this stage is that we are keeping our options open.

“Nothing is ruled out and nothing ruled in as a result of this decision from the Commerce Commission.”

Mr Carter says Foodstuffs continues to hold the view that as New Zealand owned and operated companies Foodstuffs and The Warehouse have common synergies and culture.

ENDS

© Scoop Media