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Barriers to entry for supermarkets in Australia remain high, antitrust regulator warns

( September 27, 2024, 01:40 GMT | Official Statement) -- MLex Summary: The fact that German supermarket chain Aldi has taken 20 years to gain just 9 percent of Australia’s grocery market demonstrates the level of difficulty entering and expanding for supermarket retailers and the significant investment, time and differentiated offering required to expand, an Australian antitrust official said. In a statement accompanying the release of an interim report published today, the Australian Competition & Consumer Commission’s Mick Keogh said that barriers to expansion as a result of the supermarket duopoly remain high and that planning on zoning laws may be slowing the supermarkets’ ability to develop new stores.The ACCC press release follows and the interim report is attached:...

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