Foodstuffs North Island fined NZ$3.25m for using anti-competitive land covenants to hinder rivals' expansion.

Foodstuffs North Island, a New Zealand supermarket chain, was fined NZ$3.25m for using anti-competitive land covenants to hinder rivals' expansion in local towns and suburbs, according to the Commerce Commission. The company, operator of New World and Pak N Save supermarket chains, used land covenants to obstruct rivals, which was discovered during a Commerce Commission market study in 2022. This penalty demonstrates the gravity of Foodstuffs North Island's conduct, as it reflects a deliberate effort to hinder competitors.

August 08, 2024
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