Supermarkets to face Competition Commission
THE governments fair trade watchdog has referred the grocery retailing sector to the Competition Commission.
The Office of Fair Trading (OFT) said its inquiry had revealed a “level of profitability which requires further investigation”.
It raised concerns over pricing, planning issues, inflated land costs and the supermarkets relationships with suppliers.
The investigation by the Competition Commission will take at least a year and cover 25 national and regional retailers.
The OFT was spurred into action partly by complaints by Welsh farmers about the growing gap between low livestock values and high retail prices for meat .
- The Times 09/04/02/99 page 14, page 27
- The Independent 09/04/02/99 page 18, page 19 (Outlook)
- Financial Times 09/04/99 page 1, page 11
- The Guardian 09/04/99 page 25
- The Daily Telegraph 09/04/99 page 33, page 35 (City Comment)