The ACCC wants to know how Woolworths’ planned investment in No.2 specialty pet goods retailer, Petspiration Group, could impact competition.
The Australian Competition and Consumer Commission has written to pet goods suppliers and other industry players, to investigate how Woolworths’ planned move in the sector could impact competition.The ACCC sent letters to industry players this week, asking them about competition for pet products and services and how speciality pet chains like Petspiration’s PETstock may overlap with Woolworths’ supermarkets or Big W chain.
On announcing the deal, Woolworths boss Bran Banducci said the supermarkets bigwig had a “limited presence” in the large and growing specialty pet segment.Sell-side analysts were unconcerned about competition approvals when the deal was announced in December.
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