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Think Tank Proposes Forced Sale of Coles and Woolworths Stores to Create Public Grocer

2 reports, 2 independent Updated Mon 00:00
No new developments lately Reached 2 outlets in its first 24 hours
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AI-generated briefing. Brind wrote this from the reports listed below and has updated it as the story developed. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 2 outlets

The Green Institute, a think tank, has proposed a plan to challenge the market dominance of Coles and Woolworths. This proposal calls for the forced acquisition of over 200 Coles and Woolworths supermarkets, along with three distribution centres, valued at $25 billion. The aim is to convert these locations into a nationwide chain of publicly owned grocers, provisionally named Fair Go Grocers.

From abc.net.au, dailymail.com

Why it matters

Some supportBrind's analysis of the reports

The proposal is driven by concerns over rising food prices and the market concentration caused by the two companies. The think tank noted that Coles's supermarket earnings before tax had grown by 58 per cent since 2019, while Woolworths's had grown by 41 per cent.

From abc.net.au

Who's involved

  • ColesTarget of the proposal for forced sale and conversion into a publicly owned grocer.
  • WoolworthsTarget of the proposal for forced sale and conversion into a publicly owned grocer.

How it developed

Newest first. Tap a step to see who reported it.
  1. Calls for forced sale of Coles and Woolworths stores due to market issues and policy commitments.1 source
  2. Think tank proposal targets Coles and Woolworths for potential public acquisition due to policy commitments.1 source

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