THE competition watchdog is looking into Woolworths’ proposed take over of a supermarket in Karabar.
The Australian Competition and Consumer Commission (ACCC) wants to hear from Queanbeyan consumers and businesses about Woolworths’ proposed acquisition of the SUPA IGA supermarket at Karabar.
Post take over, Woolworths is proposing to operate a Woolworths Metro supermarket on the Karabar SUPA IGA site.
It’s not the first time the retail giant has tried to acquire the small supermarket.
In 2008, the ACCC opposed Woolworths’ proposed acquisition of the Karabar Supermarket – then trading as Superbarn.
The ACCC said Woolworths and SUPA IGA Karabar currently compete in supplying groceries to residents in the broader Queanbeyan region.
“The ACCC wants to know the distance consumers in the area would travel to visit supermarkets and bottle shops, the likely impact of the proposed acquisition on pricing or promotions between local stores, and the impact on local suppliers or retail wholesalers,” the ACCC said.
Submissions can be made on the ACCC website.
The ACCC expects to make a final decision on the proposed acquisition by November 10.
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