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This place kills its residents, but some are fighting to stay. Heavy rain and wild winds continue to lash part of western NSW. Drought-stricken Queensland comes alive after drenching. The diversification of store types and the push into fresh foods was not successful. As a result, in , the group was broken up. Parcels of stores were sold off to various bidders — including Woolworths and Coles. Metcash bought the chain in A valid email address is required Please provide a valid email address.
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Your Email Address. The Australian Competition and Consumer Commission has taken court action to prevent the acquisition, arguing that it will substantially lessen competition in the supply of wholesale groceries to independent supermarkets. Metcash and Pick n Pay argue that Metcash's market power is constrained by competition from Woolworths, Coles and Aldi, which have internal wholesaling operations.
In his closing submission yesterday, Mr Griffiths said Franklins, which supplies its own 80 stores and 10 franchise stores, did not constrain Metcash.
Nor would it do so if bought by a group of independent retailers dubbed the KKK consortium, nominated by the ACCC as a pro-competitive purchaser.
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