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"Universal regret" around lack of action in grocery market structure

Author
Newstalk ZB,
Publish Date
Tue, 31 Oct 2023, 10:24am
Photo / Getty Images
Photo / Getty Images

"Universal regret" around lack of action in grocery market structure

Author
Newstalk ZB,
Publish Date
Tue, 31 Oct 2023, 10:24am

A call to centre the discussion around breaking up the supermarket duopoly as an online grocer folds.  

Supie began as a start-up in 2021, aiming to introduce competition in the supermarket industry. 

Voluntary administrator PwC New Zealand estimates a debt of up to $3 million, and suspects liquidation in the coming days.  

Monopoly Watch Spokesperson, Tex Edwards, told Mike Hosking that there’s a universal regret around not focusing on creating price competition, nutrition competition, and sustainability. 

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