Original article by Eli Greenblat
The Australian – Page: 17 : 20-Oct-14

Ian McLeod, CEO of the Coles retailing arm of Wesfarmers for six years until mid-2014, has rejected allegations by the Australian Competition & Consumer Commission (ACCC). The watchdog claims that the supermarkets chain in 2010 acted unconscionably, when it demanded suppliers bear the cost of wastage as well as make payments so that Coles could reach its profit goals. McLeod says no unethical practices were engaged in during the group’s relationships with grocery companies. The ACCC court action names five suppliers as having been affected

CORPORATES
WESFARMERS LIMITED – ASX WES, COLES GROUP LIMITED, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, DEUTSCHE BANK AG