Supermarkets could face $10m fines for Code breaches

Supermarkets could face $10m fines for Code breaches

Countdown and Foodstuffs could face fines of up to $10 million or three times any commercial gain they received if they breached the proposed new supermarket Code of Conduct – whichever was higher – according to a newly released Cabinet paper. It shows Ministers...
Grocery stalwart Peter Mitchell dies

Grocery stalwart Peter Mitchell dies

New Zealand grocery industry stalwart and icon Peter Mitchell, the only two-time recipient of FGC’s Lifetime Achiever Award, has died. Peter was the owner of Review Publishing, whose stable of publications included the highly regarded Supermarket News, which has been...
Legislation to block land covenants passes first reading

Legislation to block land covenants passes first reading

Legislation to stop major supermarkets blocking competitors from accessing land for new stores is now being considered by a parliamentary select committee. It was introduced into Parliament under urgency on Budget night by Commerce and Consumer Affairs Minister David...
Legislation to block land covenants passes first reading

Consumer NZ wants Minister to go further

Consumer NZ has launched a petition calling on Commerce and Consumer Affairs Minister David Clark to go beyond the Commerce Commission’s recommendations in its report on the grocery sector, in order to bring about stronger competition. The Commission found...
Select committee agrees on Code of Conduct

Select committee agrees on Code of Conduct

A parliamentary select committee has agreed a Code of Conduct would help address issues of competition, uncompetitive behaviour, and lack of choice across the grocery sector. After considering a petition by FGC Chief Executive Katherine Rich, it has suggested the...
Select committee agrees on Code of Conduct

So will the Govt break up the duopoly?

The likelihood or otherwise of the Government breaking up the supermarket duopoly is the subject of two fascinating pieces of analysis. In the most recent, Stuff business writer Tom Pullar-Strecker concludes the Government isn’t going to overrule the Commerce...
Select committee agrees on Code of Conduct

Govt may break up duopoly, next steps in May

Commerce Minister David Clark has given his strongest indication yet the Government could be about to break up New Zealand’s supermarket duopoly. Next steps will be announced in late May. In an interview on NewstalkZB about the 7.6% rise in food prices in the year to...
Could this be the new face of competition in supermarkets:

Could this be the new face of competition in supermarkets:

Could this be the new face of competition in NZ supermarkets: A 500g block of Tararua butter $4 compared to $7.30 and $6.79! A 1.2kg box of Weet-Bix $5 compared to $7.80! Greggs special blend instant coffee $1 compared to $2.49! The lower prices were all from The...
Health Stars on 3047 FGC products

Health Stars on 3047 FGC products

            NZFGC member companies continue to add food products to the Health Star Rating system despite the challenges of Covid – maintaining operations and an efficient supply chain and keeping staff safe. The latest update for Q3 and...
Health backtracks on claim over Rapid Antigen Tests

Health backtracks on claim over Rapid Antigen Tests

The Ministry of Health has backtracked on a claim by the Director-General of Health that RAT kits requisitioned from private businesses were not already in New Zealand when the Ministry took them, Stuff reports. It says last month, when news broke that the Ministry...
Grocery Market Study online conference

Grocery Market Study online conference

As the Commerce Commission’s virtual conference on its Grocery Market Study continues, commentator Ernie Newman reviews the first few days of what he calls compelling viewing. His article in the New Zealand Herald begins: “In a lockdown almost any pastime beats...
FGC and Consumer NZ join to combat supermarket power

FGC and Consumer NZ join to combat supermarket power

The NZ Food & Grocery Council and Consumer NZ have published a joint open letter to Parliament today calling for a shake-up of the supermarket industry. They want the following changes to benefit consumers and suppliers: A mandatory Code of Conduct for...