Another one bites the dust!

On 4 July, the ACCC announced (Media – news release – Hawker Supa IGA) that it had concluded that “the proposed acquisition would not result in a substantial lessening of competition in any market”.   FoHV issued its own media release immediately.  The ACCC acknowledged that “the loss of this differentiated offer from the local market will involve the loss of some competition” but this would no involve “a substantial lessening of competition (as) required under s.50 of the
Competition and Consumer Act”.  This decision was based on the fact that the majority of responses to the survey showed that “Most customers used the Hawker Supa IGA as a limited part of their overall grocery shopping”.  The opinion of those who do most of their shopping at the Hawker Supa IGA appears to have been outweighed by the opinion of those who only do convenience shopping there.

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