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Foodstuffs' Chris Quin and Woolworths say divestment will boost prices

Foodstuffs North Island's chief executive and Woolworths say attempts to restructure the grocery market to help consumers could have the opposite
The article from BusinessDesk discusses the views of Foodstuffs North Island CEO Chris Quin and Woolworths on the potential divestment of supermarkets in New Zealand. They argue that forcing supermarkets to divest stores would lead to higher grocery prices for consumers. Quin emphasized that divestment would not address the underlying issues of competition and could instead result in less competition, as new owners might not have the same scale or efficiency. Woolworths echoed this sentiment, suggesting that such a move would disrupt the supply chain and increase costs, ultimately affecting consumer prices. Both executives believe that regulatory changes should focus on fostering genuine competition rather than structural changes like divestitures.

Read the Full BusinessDesk Article at:
[ https://businessdesk.co.nz/article/retail/foodstuffs-chris-quin-and-woolworths-say-divestment-will-boost-prices ]