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Thursday 21 October 2021

ComCom

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.


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 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.