Original article by Julie-Anne Sprague
The Australian Financial Review – Page: 15 & 22 : 6-Oct-14
A former Woolworths executive has claimed that the retail giant has too much market power in the liquor sector. Tony Leon says Woolworths should be forced to divest one of its liquor chains, as its market dominance allows it to put pressure on liquor suppliers. However, Australian Competition & Consumer Commission chairman Rod Sims says forcing companies to offload assets should not be within the regulator’s purview, arguing that it can already address concerns about abuse of market power
CORPORATES
WOOLWORTHS LIMITED – ASX WOW, BWS – BEER WINE SPIRITS, DAN MURPHY’S, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, COLES GROUP LIMITED, WESFARMERS LIMITED – ASX WES, IBISWORLD PTY LTD, LIQUORLAND (AUSTRALIA) PTY LTD, VINTAGE CELLARS (AUSTRALIA) PTY LTD, FIRST CHOICE LIQUOR SUPERSTORE, AUSTRALIAN LEISURE AND HOSPITALITY GROUP LIMITED, AUSTRALIAN NATIONAL RETAILERS ASSOCIATION LIMITED, STEVE’S LIQUOR, METCASH LIMITED – ASX MTS, AUSTRALIAN LIQUOR MARKETERS PTY LTD, CELLARBRATION PTY LTD, BOTTLE-O, IGA LIQUOR