Post by Brent George on Jun 19, 2024 19:42:54 GMT
Proceedings filed against supermarket giant over land covenants
One News - 19-June-2024
The Commerce Commission has accused supermarket operator Foodstuffs North Island of lodging land covenants with the purpose of blocking competitors from opening rival supermarkets at particular sites.
In a statement the Commerce Commission said it had filed proceedings in the Wellington High Court against Foodstuffs North Island, alleging that anti-competitive land covenants were lodged by the supermarket operator with the purpose of blocking competitors from opening rival supermarkets at particular sites and developing existing ones at several locations across the lower North Island.
Commission chair John Small said land covenants have the potential to harm competition by raising barriers to entry or expansion in a market, making it harder for rival businesses to compete effectively and gain scale.
One News - 19-June-2024
The Commerce Commission has accused supermarket operator Foodstuffs North Island of lodging land covenants with the purpose of blocking competitors from opening rival supermarkets at particular sites.
In a statement the Commerce Commission said it had filed proceedings in the Wellington High Court against Foodstuffs North Island, alleging that anti-competitive land covenants were lodged by the supermarket operator with the purpose of blocking competitors from opening rival supermarkets at particular sites and developing existing ones at several locations across the lower North Island.
Commission chair John Small said land covenants have the potential to harm competition by raising barriers to entry or expansion in a market, making it harder for rival businesses to compete effectively and gain scale.