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New Zealand Supermarkets Given Three Years to Boost Competition – Bloomberg

by admin
August 25, 2022
in Supermarkets, Supply Chain
0

Bloomberg Daybreak Middle East. Live from Dubai, connecting Asian markets to the European opens. The show will focus on global macro issues with a middle eastern context, provide expert analysis of major market moving stories and speak with the biggest newsmakers in the region.
Simulcast of Bloomberg Television
Meet the 25-year-old CEO of Genies, who built a new human race out of avatars, replete with its own virtual talent agency and celebrity clients. Three friends use advanced technology to turn game films into analytics for professional football teams. Finally, a 24-year-old NBA superfan merges the digital and sports worlds to create virtual player cards, or “moments.”
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Tracy Withers
New Zealand’s grocery industry has been given three years to fix competition issues or face tougher intervention, including the possibility of being forced to divest some stores to allow a new entrant.
Releasing the results of a study into the industry on Tuesday, the Commerce Commission said supermarket profits and prices are too high, and it made a raft of recommendations to improve competition in a sector dominated by two main players. The government has received the report and needs to make its own decisions on what to implement. The Commission is urging a review after three years to assess progress.

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