ACCC blocks Coles’ Kalgoorlie supermarket and Liquorland plan near airport
AI Market Summary
Australia\"s ACCC used newly granted powers to block Coles\" planned second supermarket and Liquorland in Kalgoorlie, citing a likely substantial lessening of local competition. The decision creates a regulatory precedent for supermarket expansion and may dampen expectations for regional footprint growth and capital deployment efficiency. Coles\" potential appeal adds uncertainty, but the market impact is likely contained given the deal\"s local scope.
Impact level
● Low
Affected assets
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AI Insight · NCCOGOLD2USD/USDTAI Insight
▼ Bearish
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Australia’s competition regulator has used newly granted powers to block Coles’ plan to open a second supermarket and a Liquorland store near Kalgoorlie Airport, citing risks to competition. The Australian Competition and Consumer Commission said the acquisition was likely to substantially lessen competition in the local market. It is the first time the ACCC has used the new powers to stop a supermarket expansion. Coles said it disagrees with the decision and is considering an appeal.
