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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.
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Foodstuffs North Island fue multada con 3,25 millones de dólares neozelandeses por utilizar cláusulas de tierras anticompetitivas para obstaculizar la expansión de sus rivales.