16th May 2022 Acquisitions / ComCom
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.
The watchdog fears Life Health Foods’ proposed takeover of plant-based rival Chalmers Organics will substantially lessen competition.
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.
Finance minister Grant Robertson has underlined the government’s commitment to boost competition following a 30-year high in inflation.
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.
ComCom’s approach to improving competition in supermarkets is more strategic than it is being given credit for, says MonopolyWatch NZ.
Healthcare and pet food company Ebos Group has been cleared to buy rival company LifeHealthcare.
The Commerce Amendment Bill, which aims to deter anti-competitive conduct, has passed its third and final reading in parliament.
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.
The competition watchdog flags concerns over Life Health Foods’ proposed takeover of plant-based rival Chalmers Organics.
Australian fuel retailer Ampol has been cleared by the Commerce Commission for its $2bn purchase of Z Energy.
There are hopes a new market watchdog could apply significant pressure on the country’s supermarket duopoly to act fairly.
The duopoly pledge to work with the government to implement the Commerce Commission’s final recommendations.
The Commerce Commission is labelled “out-of-touch” for releasing its report while supermarkets are struggling with Omicron impacts.
Chair Anna Rawlings defends the report as “robust” and says it is up to the government to decide what to implement.
NZFGC labels the grocery report a victory for suppliers, but says it is now up to the government to respond.
Code of conduct, collective bargaining and disputes resolution scheme all recommended by Commerce Commission.
The commission stepped back from measures like creating a new independent wholesaler.
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.
But its recommendations fall well short of the more radical options, such as asset divestment, explored in its draft report and inquiry hearing.
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.
Economist Cameron Bagrie rejects the argument that New Zealand’s credit rating could be hurt if the supermarket giants are forced to divest.
The gloves are off ahead of the Commerce Commission’s final report into the $22bn grocery sector to be published on Tuesday.
We’re doing the work, FSNI boss Chris Quin says, in the lead up to publication of the final ComCom report by 8 March.
The Commerce Commission has formed a working group with four other regulators to identify possible cartel behaviour in global supply chains.
The Commerce Commission is considering an application by Life Health Foods NZ to purchase 100% of meat alternative manufacturer Chalmers Organics.
FSNI’s CEO makes a last-ditch attempt to sway the outcome of the Commerce Commission’s market study into the retail grocery sector.
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.
The baking behemoth that also owns pie company Big Ben secures sign-off from the Commerce Commission to buy rival Dad’s Pies.
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.
Could an ‘iwi-mart’ challenge the Foodstuffs and Countdown duopoly?
New entrants, existing players and would-be investors are all wary of the power wielded by the grocery duopoly, the Commerce Commission hears.
Supermarket owners argue for a fresh calculation of profit refuting findings of excessive returns.
FGC says NZ’s highly concentrated market means conflicts of interests are amplified but supermarket groups argue private labels are critical for budget consumers.
Bloomsberry and Co founder Giles Barker says supermarkets use promotional pricing to control suppliers, rather than just to deliver value to consumers.
Tex Edwards makes his case for a break-up of the duopoly, which he says controls all the vital infrastructure in the sector.
FSSI’s boss blames the grocery market review process for having “significantly damaged a large number” of supplier and retailer relationships.
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.
In an open letter to Parliament, the unlikely allies call on MPs to support a “strong intervention” into NZ’s grocery market.
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.
The new business would be a top three wholesale pie company in NZ but it wouldn’t weaken competition, says George Weston Foods.
Both firms manufacture and supply savoury pies and sausage rolls in NZ.
The supermarket group also suggests changes to planning laws and the appointment of a grocery ombudsman with oversight of the $22bn sector.
Food firms want wide stakeholder buy-in to a code that provides a framework for behaviour and confidence for investment decisions.
CEO Chris Quin says the co-op will make changes but he disputes ComCom’s estimate of the supermarket group’s profitability.
The Commerce Commission has warned paper packaging company Glopac New Zealand for making misleading claims about the ability to recycle its hot drink cups.
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.
The Commerce Commission has reminded all businesses supplying essential services in the current nationwide Covid-19 lockdown of their obligations under the Commerce Act.
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.
Foodstuffs disagrees with the Commerce Commission’s estimates of its profitability.
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”.
Separating NZ’s supermarket duopoly from wholesaler subsidiaries like Gilmours could help suppliers, says the Commerce Commission’s grocery sector draft report.
Report reflects imbalance of power in sector which has allowed retailers to push excess costs, risks, and uncertainty onto suppliers, FCG says.
A third major player could be introduced to compete with Foodstuffs and Countdown, according to the strongest draft report recommendation.
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.
The Commerce Commission backs a mandatory industry code of conduct and allowing suppliers to bargain collectively with supermarkets.
NZFGC boss Katherine Rich repeats calls for a mandatory Grocery Code of Conduct on the eve of the draft ComCom report being released.
A draft report as part of a year-long review of NZ’s highly concentrated grocery sector will be made public next Thursday morning.
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.
The supermarket giant says it is “surprised” at the allegations because it values its suppliers.
The government’s probe into the $21bn grocery sector heats up as rivals open fire in cross-submissions.
Cartel conduct included price fixing, market allocation and bid rigging.
The Commerce Commission is seeking feedback on submissions received in response to its Preliminary Issues paper on its grocery sector market 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.
The ministry warns that ComCom’s market study of supermarkets is likely to take longer than a year.
The Commerce Commission says it is “satisfied” with Fonterra’s milk prices.
Preliminary issues paper released ahead of review into NZ’s highly concentrated sector
The Commerce Commission will conduct the investigation to see if Kiwis are paying more than they should be.