News from Commerce Commission
The Commerce Commission has confirmed it is formally investigating allegations of anti-competitive behavior by Countdown towards suppliers.
The investigation will involve seeking a wide range of information from a variety of sources, including organisations from all areas of the supermarket sector. The investigation is expected to take a number of months.
The Commission will not be making any further comment on this active investigation.
Anyone who has information relevant to the allegations is encouraged to contact us on 0800 943 600. They can request that the Commission keep their identity and/or the information provided confidential. The Commission will not disclose the identity and/or information unless consent is given or the Commission is required to by law. If confidentiality is a concern then it should be raised when first contact is made with the Commission.
News from NZ Labour Party
The Commerce Commission’s decision to conduct a formal inquiry into the conduct of New Zealand supermarkets is a victory for Kiwi firms and consumers, says Labour’s Economic Development spokesperson Shane Jones.
“The stance that I have taken on supermarkets has been totally vindicated. The campaign I have led has resulted in the Commerce Commission agreeing to an inquiry. That’s a win for ordinary Kiwis, businesses and consumers. I am delighted that Kiwi firms will now be able to air their concerns under the cloak of anonymity.
“I will be meeting the Commerce Commission at 4pm today. I will tell them that the inquiry must be sufficiently resourced and have broad, wide-ranging scope.
“I urge the supermarkets to cooperate fully with the inquiry and any executives to appear if asked. If not, I expect the Commerce Commission to use its powers under the Fair Trading Act to require information to be supplied.
“The Commerce Minister Craig Foss has been missing in action on this issue. He has done nothing but make light of my accusations. He is now embarrassed that my pressure has been vindicated. I think most Kiwis feel he has ignored these problems for far too long,” Shane Jones says.
News from NZFGC
The New Zealand Food & Grocery Council will cooperate fully with the Commerce Commission investigation into allegations of anti-competitive behaviour towards suppliers by Countdown, CEO Katherine Rich said today.
“We will support our member companies if they decide to participate. We welcome that the identity of submitters will be kept confidential.”