CEOs come and go, grocery market dominance remains

Australian Greens

The upcoming departure of Woolworths CEO Brad Banducci will change nothing while the supermarket duopoly retains its market dominance and current pricing practices, the Greens say.

“It is appropriate that Mr Banducci is leaving, however that will by no means solve the problems in the food and grocery sector” Greens Economic Justice spokesperson Senator Nick McKim, who is chairing the Senate Select Inquiry into Supermarket Pricing, said.

“CEOs come and go, but the supermarket duopoly will continue to ruthlessly use their market dominance unless forced to change.”

“Farmers, workers and shoppers are going to keep getting smashed regardless of who wears the CEO badge.”

“It is price gouging, corporate power and market dominance that are the real problems, and that is exactly what the Senate inquiry will focus on.”

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