Kaufland bid a shock to industry veteran

Original article by Simon Evans
The Australian Financial Review – Page: 18 : 10-Oct-17

Businessman Roger Drake says Australia’s supermarket sector is the most competitive it has been in four decades. Competition is set to intensify with confirmation that Kaufland will enter the local market. It recently paid $A25m for a 3.6-hectare site in Adelaide, and Drake says he had expected the German group’s first store to be in Sydney or Melbourne. Drake notes that independent greengrocers appear to have been hit harder by Aldi’s entry to the South Australian market than the Foodland stores that he owns in the state.

CORPORATES
KAUFLAND STIFTUNG & CO KG, ALDI STORES SUPERMARKETS PTY LTD, FOODLAND AUSTRALIA LIMITED, DRAKE FOODMARKETS, COLES SUPERMARKETS AUSTRALIA PTY LTD, WOOLWORTHS LIMITED – ASX WOW, KMART AUSTRALIA LIMITED, BIG W DISCOUNT STORES, CBRE PTY LTD

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