New Zealand's Commerce Commission denies Foodstuffs' merger proposal due to competition concerns.

New Zealand's Commerce Commission has denied Foodstuffs' merger proposal to combine its North and South Island divisions, citing concerns over reduced competition. The merger, aimed at creating a national cooperative, would diminish grocery buyers from three to two, potentially leading to lower supplier prices, reduced innovation, and limited consumer choices. The Commission emphasized that the merger could harm market competition and consumer interests.

September 30, 2024
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