Food Ticker
The Business of Food
and Beverage
 
Food Ticker
The Business of Food and Beverage

Tourism Ticker

Tourism Ticker
  News   Covid-19   Opinion
Friday 20 May 2022

ComCom

ComCom concerns over Cold Storage Nelson takeover 16th May 2022 /

ComCom concerns over Cold Storage Nelson takeover

The Commerce Commission has identified concerns around the supply of cold storage in the Waikato and Bay of Plenty region in respect of Lineage Logistics’ proposed acquisition of Cold Storage Nelson.


Tofu Takeover: ComCom’s concerns with Chalmers deal 5th May 2022 /

Tofu Takeover: ComCom’s concerns with Chalmers deal

The watchdog fears Life Health Foods’ proposed takeover of plant-based rival Chalmers Organics will substantially lessen competition.


ComCom draft decision clears Tegel growers to negotiate collectively 27th April 2022 /

ComCom draft decision clears Tegel growers to negotiate collectively

The Commerce Commission has given the New Zealand Tegel Growers Association Incorporated clearance to collectively negotiate on behalf of its members with Tegel Foods for a ten year period.


Robertson weighs in on supermarket competition 22nd April 2022 /

Robertson weighs in on supermarket competition

Finance minister Grant Robertson has underlined the government’s commitment to boost competition following a 30-year high in inflation.


FSNI launches ComCom reporting dashboard to help make “the biggest difference to customers” – Quin 20th April 2022 /

FSNI launches ComCom reporting dashboard to help make “the biggest difference to customers” – Quin

Foodstuffs is creating its own Grocery Price Index which will be included in a new reporting dashboard to “publicly track its progress” against the Commerce Commission grocery market review recommendations.


Perspectives: It ain’t over till it’s over – Tex Edwards on ComCom’s long game 31st March 2022 /

Perspectives: It ain’t over till it’s over – Tex Edwards on ComCom’s long game

ComCom’s approach to improving competition in supermarkets is more strategic than it is being given credit for, says MonopolyWatch NZ.


ComCom clears Ebos’ LifeHealthcare acquisition 31st March 2022 /

ComCom clears Ebos’ LifeHealthcare acquisition

Healthcare and pet food company Ebos Group has been cleared to buy rival company LifeHealthcare.


Commerce Amendment Bill passes final reading 31st March 2022 /

Commerce Amendment Bill passes final reading

The Commerce Amendment Bill, which aims to deter anti-competitive conduct, has passed its third and final reading in parliament.


Tegel Growers collective bargaining extended 29th March 2022 /

Tegel Growers collective bargaining extended

The Commerce Commission has extended provisional authorisation for the New Zealand Tegel Growers Association to collectively negotiate on behalf of its members with Tegel Foods.


Tofu takeover: ComCom questions Sanitarium sister company’s Chalmers deal 24th March 2022 /

Tofu takeover: ComCom questions Sanitarium sister company’s Chalmers deal

The competition watchdog flags concerns over Life Health Foods’ proposed takeover of plant-based rival Chalmers Organics.


ComCom clears Ampol’s $2bn Z Energy takeover 17th March 2022 /

ComCom clears Ampol’s $2bn Z Energy takeover

Australian fuel retailer Ampol has been cleared by the Commerce Commission for its $2bn purchase of Z Energy.


The far-reaching powers of a new grocery regulator 11th March 2022 /

The far-reaching powers of a new grocery regulator

There are hopes a new market watchdog could apply significant pressure on the country’s supermarket duopoly to act fairly.


“We’ll commit to next steps” – Woolworths’ Sonn, FSNI’s Quin on ComCom report 9th March 2022 /

“We’ll commit to next steps” – Woolworths’ Sonn, FSNI’s Quin on ComCom report

The duopoly pledge to work with the government to implement the Commerce Commission’s final recommendations.


Opposition give ComCom report tepid reception, blame govt for rising costs 9th March 2022 /

Opposition give ComCom report tepid reception, blame govt for rising costs

The Commerce Commission is labelled “out-of-touch” for releasing its report while supermarkets are struggling with Omicron impacts.


ComCom denies “bottling it” over supermarket split 8th March 2022 /

ComCom denies “bottling it” over supermarket split

Chair Anna Rawlings defends the report as “robust” and says it is up to the government to decide what to implement.


NZFGC labels ComCom report a “victory for suppliers” but notes duopoly remains 8th March 2022 /

NZFGC labels ComCom report a “victory for suppliers” but notes duopoly remains

NZFGC labels the grocery report a victory for suppliers, but says it is now up to the government to respond.


ComCom pushes fairer playing field for supermarket suppliers 8th March 2022 /

ComCom pushes fairer playing field for supermarket suppliers

Code of conduct, collective bargaining and disputes resolution scheme all recommended by Commerce Commission.


ComCom makes way for grocery challengers, stops short of radical shake-up 8th March 2022 /

ComCom makes way for grocery challengers, stops short of radical shake-up

The commission stepped back from measures like creating a new independent wholesaler.


Govt: We won’t rule out other options if change falters 8th March 2022 /

Govt: We won’t rule out other options if change falters

New Zealanders will soon benefit from a much more competitive grocery sector as a result of market study findings unveiled by the Commerce Commission, says the government.


ComCom: Formal regulation, more oversight, dispute resolution scheme for grocery sector 8th March 2022 /

ComCom: Formal regulation, more oversight, dispute resolution scheme for grocery sector

But its recommendations fall well short of the more radical options, such as asset divestment, explored in its draft report and inquiry hearing.


ComCom report: “We’ll turn left, or we’ll turn right” – Tex Edwards 7th March 2022 /

ComCom report: “We’ll turn left, or we’ll turn right” – Tex Edwards

The entrepreneur is hoping for a “table-thumping” final report on Tuesday, paving the way for a third major player in NZ’s $22bn grocery sector.


Perspectives: Will forcing the duopoly to sell assets hit NZ investment? 7th March 2022 /

Perspectives: Will forcing the duopoly to sell assets hit NZ investment?

Economist Cameron Bagrie rejects the argument that New Zealand’s credit rating could be hurt if the supermarket giants are forced to divest.


Supermarket majors need to be held to account – Supie 3rd March 2022 /

Supermarket majors need to be held to account – Supie

The gloves are off ahead of the Commerce Commission’s final report into the $22bn grocery sector to be published on Tuesday.


ComCom inquiry: FSNI’s Quin sets out stall again as final report nears 23rd February 2022 /

ComCom inquiry: FSNI’s Quin sets out stall again as final report nears

We’re doing the work, FSNI boss Chris Quin says, in the lead up to publication of the final ComCom report by 8 March.


ComCom joins global supply chain cartel investigation 18th February 2022 /

ComCom joins global supply chain cartel investigation

The Commerce Commission has formed a working group with four other regulators to identify possible cartel behaviour in global supply chains.


ComCom outlines issues in Chalmers Organics takeover 9th February 2022 /

ComCom outlines issues in Chalmers Organics takeover

The Commerce Commission is considering an application by Life Health Foods NZ to purchase 100% of meat alternative manufacturer Chalmers Organics.


“Unjustified” – Foodstuffs’ Quin doubles down in new ComCom submission 8th December 2021 /

“Unjustified” – Foodstuffs’ Quin doubles down in new ComCom submission

FSNI’s CEO makes a last-ditch attempt to sway the outcome of the Commerce Commission’s market study into the retail grocery sector.


Tegel Growers get provisional collective bargaining sign off 26th November 2021 /

Tegel Growers get provisional collective bargaining sign off

The Commerce Commission has granted provisional authorisation for the New Zealand Tegel Growers Association to collectively negotiate on behalf of its members with Tegel Foods.


Tip Top owner gets ComCom go-ahead to buy Dad’s Pies 4th November 2021 /

Tip Top owner gets ComCom go-ahead to buy Dad’s Pies

The baking behemoth that also owns pie company Big Ben secures sign-off from the Commerce Commission to buy rival Dad’s Pies.


And that’s a wrap – ComCom hearings close with final arguments 3rd November 2021 /

And that’s a wrap – ComCom hearings close with final arguments

The Commerce Commission consultation conference as part of its review of competition in the $22bn retail grocery sector has come to a close, providing participants one last chance to plead their cases.


ComCom hearing: Iwi-backed grocery challenger mooted as third player 2nd November 2021 /

ComCom hearing: Iwi-backed grocery challenger mooted as third player

Could an ‘iwi-mart’ challenge the Foodstuffs and Countdown duopoly?


ComCom hearing: “Vigorous, almost violent” reaction expected to grocery challenger 29th October 2021 /

ComCom hearing: “Vigorous, almost violent” reaction expected to grocery challenger

New entrants, existing players and would-be investors are all wary of the power wielded by the grocery duopoly, the Commerce Commission hears.


ComCom hearing: The problem with profit 28th October 2021 /

ComCom hearing: The problem with profit

Supermarket owners argue for a fresh calculation of profit refuting findings of excessive returns.


ComCom hearing: Private label harm vs help 27th October 2021 /

ComCom hearing: Private label harm vs help

FGC says NZ’s highly concentrated market means conflicts of interests are amplified but supermarket groups argue private labels are critical for budget consumers.


ComCom hearing: Specials used to “control suppliers” 26th October 2021 /

ComCom hearing: Specials used to “control suppliers”

Bloomsberry and Co founder Giles Barker says supermarkets use promotional pricing to control suppliers, rather than just to deliver value to consumers.


ComCom hearing: Tex comes to town 22nd October 2021 /

ComCom hearing: Tex comes to town

Tex Edwards makes his case for a break-up of the duopoly, which he says controls all the vital infrastructure in the sector.


Grocery market review process “incredibly corrosive” – FSSI CEO Steven Anderson 21st October 2021 /

Grocery market review process “incredibly corrosive” – FSSI CEO Steven Anderson

FSSI’s boss blames the grocery market review process for having “significantly damaged a large number” of supplier and retailer relationships.


Dad’s Pies takeover application tweaked 21st October 2021 /

Dad’s Pies takeover application tweaked

George Weston Foods has made a change to its Commerce Commission application to acquire 100% of the share of pastry and pie rival, Dad’s Pies.


Supermarkets holding “consumers and suppliers to ransom” – NZFGC, Consumer NZ 20th October 2021 /

Supermarkets holding “consumers and suppliers to ransom” – NZFGC, Consumer NZ

In an open letter to Parliament, the unlikely allies call on MPs to support a “strong intervention” into NZ’s grocery market.


ComCom releases Tegel Growers Assoc prelim issues 12th October 2021 /

ComCom releases Tegel Growers Assoc prelim issues

The Commerce Commission has published a statement of preliminary issues relating to the New Zealand Tegel Growers Association application to collectively negotiate conditions around its supply arrangement with Tegel Foods.


Dad’s Pies acquisition ‘not a competition threat’ – GWF 11th October 2021 /

Dad’s Pies acquisition ‘not a competition threat’ – GWF

The new business would be a top three wholesale pie company in NZ but it wouldn’t weaken competition, says George Weston Foods.


George Weston Foods seeks ComCom clearance to acquire Dad’s Pies 8th October 2021 /

George Weston Foods seeks ComCom clearance to acquire Dad’s Pies

Both firms manufacture and supply savoury pies and sausage rolls in NZ.


Countdown follows Foodstuffs with support for grocery conduct code 16th September 2021 /

Countdown follows Foodstuffs with support for grocery conduct code

The supermarket group also suggests changes to planning laws and the appointment of a grocery ombudsman with oversight of the $22bn sector.


Suppliers like Pic Picot welcome supermarket grocery code pledge but ‘devil in the detail’ 16th September 2021 /

Suppliers like Pic Picot welcome supermarket grocery code pledge but ‘devil in the detail’

Food firms want wide stakeholder buy-in to a code that provides a framework for behaviour and confidence for investment decisions.


FSNI rejects excessive profit; promises grocery code, land covenant removal 15th September 2021 /

FSNI rejects excessive profit; promises grocery code, land covenant removal

CEO Chris Quin says the co-op will make changes but he disputes ComCom’s estimate of the supermarket group’s profitability.


ComCom warns packaging company over recyclable cup claims 15th September 2021 /

ComCom warns packaging company over recyclable cup claims

The Commerce Commission has warned paper packaging company Glopac New Zealand for making misleading claims about the ability to recycle its hot drink cups.


Union urges centralised bargaining in ComCom grocery submission 1st September 2021 /

Union urges centralised bargaining in ComCom grocery submission

First Union has highlighted centralised wage bargaining “as a key tool to constrain excess supermarket profitability and secure decent work for everyone in the supply chain,” in its submission to the Commerce Commission’s market study into the grocery sector.


ComCom issues anti-collusion reminder for essential services 30th August 2021 /

ComCom issues anti-collusion reminder for essential services

The Commerce Commission has reminded all businesses supplying essential services in the current nationwide Covid-19 lockdown of their obligations under the Commerce Act.


ComCom approves Fonterra’s milk price forecast 17th August 2021 /

ComCom approves Fonterra’s milk price forecast

Fonterra’s calculation of the base milk price it will pay farmers in the 2020/21 dairy season is consistent with the Dairy Industry Restructuring Act (DIRA), says the Commerce Commission.


We’re not that profitable – supermarkets respond to ComCom draft report 30th July 2021 /

We’re not that profitable – supermarkets respond to ComCom draft report

Foodstuffs disagrees with the Commerce Commission’s estimates of its profitability.


“We support any move to improve grower returns” – HortNZ on ComCom report 30th July 2021 /

“We support any move to improve grower returns” – HortNZ on ComCom report

HortNZ will support “any move to ensure that growers get a better return on their investment, so that they will continue to invest in fruit and vegetable growing meaning New Zealanders can eat healthy, locally produced food”. 


Rebalance of supplier, supermarket bargaining power required – report 29th July 2021 /

Rebalance of supplier, supermarket bargaining power required – report

Separating NZ’s supermarket duopoly from wholesaler subsidiaries like Gilmours could help suppliers, says the Commerce Commission’s grocery sector draft report.


Grocery market study report shows “big problems” in sector – NZFGC’s Rich 29th July 2021 /

Grocery market study report shows “big problems” in sector – NZFGC’s Rich

Report reflects imbalance of power in sector which has allowed retailers to push excess costs, risks, and uncertainty onto suppliers, FCG says.


ComCom: Supermarket shake-up needed 29th July 2021 /

ComCom: Supermarket shake-up needed

A third major player could be introduced to compete with Foodstuffs and Countdown, according to the strongest draft report recommendation.


Kiwis will flock to a new supermarket brand – expert 29th July 2021 /

Kiwis will flock to a new supermarket brand – expert

The introduction of a new, lower priced competitor into the grocery market would see shoppers abandon stalwarts Countdown and Foodstuffs in droves, according to one industry expert.


ComCom: Grocery duopoly not working for suppliers or consumers 29th July 2021 /

ComCom: Grocery duopoly not working for suppliers or consumers

The Commerce Commission backs a mandatory industry code of conduct and allowing suppliers to bargain collectively with supermarkets.


NZFGC ups ante, highlights “extreme demands” on eve of ComCom report 28th July 2021 /

NZFGC ups ante, highlights “extreme demands” on eve of ComCom report

NZFGC boss Katherine Rich repeats calls for a mandatory Grocery Code of Conduct on the eve of the draft ComCom report being released.


ComCom preparing to release draft grocery sector report 19th July 2021 /

ComCom preparing to release draft grocery sector report

A draft report as part of a year-long review of NZ’s highly concentrated grocery sector will be made public next Thursday morning.


ComCom updates Fonterra milk price calculation framework 7th July 2021 /

ComCom updates Fonterra milk price calculation framework

The Commerce Commission has updated its approach paper outlining the framework it applies when reviewing both how Fonterra sets its annual base milk price and the Milk Price Manual used to set the base milk price.


Foodstuffs rejects exploitation and duopoly claims in grocery probe… 27th April 2021 /

Foodstuffs rejects exploitation and duopoly claims in grocery probe…

The supermarket giant says it is “surprised” at the allegations because it values its suppliers.


…as the FGC hits back at ‘incomplete, incorrect, and unsubstantiated’ claims 27th April 2021 /

…as the FGC hits back at ‘incomplete, incorrect, and unsubstantiated’ claims

The government’s probe into the $21bn grocery sector heats up as rivals open fire in cross-submissions.


Cartel conduct now punishable by jail time 9th April 2021 /

Cartel conduct now punishable by jail time

Cartel conduct included price fixing, market allocation and bid rigging.


ComCom seeks feedback on grocery market study submissions 6th April 2021 /

ComCom seeks feedback on grocery market study submissions

The Commerce Commission is seeking feedback on submissions received in response to its Preliminary Issues paper on its grocery sector market study.


ComCom seeks supplier feedback on supermarket study 4th March 2021 /

ComCom seeks supplier feedback on supermarket study

The year-long study looks at whether competition in the grocery sector was working well, and if not, what could be done to improve it.


Grocery sector probe timeline questioned by MBIE 16th December 2020 /

Grocery sector probe timeline questioned by MBIE

The ministry warns that ComCom’s market study of supermarkets is likely to take longer than a year.


ComCom ‘satisfied’ with Fonterra’s milk pricing 15th December 2020 /

ComCom ‘satisfied’ with Fonterra’s milk pricing

The Commerce Commission says it is “satisfied” with Fonterra’s milk prices.


Competition, pricing and promotions in ComCom sights 11th December 2020 /

Competition, pricing and promotions in ComCom sights

Preliminary issues paper released ahead of review into NZ’s highly concentrated sector


Govt launches review into NZ supermarket prices 18th November 2020 /

Govt launches review into NZ supermarket prices

The Commerce Commission will conduct the investigation to see if Kiwis are paying more than they should be.