Supermarket concentration benefits stores, not shoppers. It’s time to split Foodstuffs – not make it stronger
The proposed merger of Foodstuffs North Island and Foodstuffs South Island raises the prospect of even less choice for New Zealanders in what is an already heavily concentrated market. But will regulators prevent it from happening?
New Zealand currently has just three major supermarket entities: the two Foodstuffs cooperatives (member-owned companies) and Australian-owned Woolworths. These three control 85% of the grocery market and almost 100% of the supermarket sector.
