It seems that the ACCC has spoiled Woolies plans to further its strong position in the local grocery market by rejecting their bid to acquire a supermarket site in Karabar (apparently that’s somewhere in Queanbeyan). Acording to ACCC chairman Graeme Samuel:
- The ACCC had strong evidence to suggest that in the absence of the acquisition by Woolworths, the supermarket would instead be acquired by an independent operator, Supabarn, which has intentions to expand the supermarket to operate as a full-line supermarket in strong competition with Woolworths and other supermarket operators
Another Superbarn cant be a bad thing. Whether or not it will result in real price diferences in the local market is another thing.