Woolworths now dominates new Australian shopping center developments, sparking antitrust concerns.

Woolworths, Australia's largest supermarket chain, is now behind nearly half of new shopping centers due to high construction costs deterring traditional developers. This increase from a quarter pre-2008 has drawn scrutiny from the Australian Competition and Consumer Commission over strategic land acquisitions to limit competition. Woolworths and Coles together control 67% of the grocery market, with growing pressure from e-commerce giant Amazon.

November 18, 2024
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