Saturday, April 19, 2014   

Anti-competitive acts by supermarkets
(12-19 12:30)

The Consumer Council said on Thursday that it has found evidence suggesting that the two major supermarket chains in Hong Kong have been engaging in anti-competitive behavior.
Park N'shop and Wellcome currently have more than 62-percent share in the foodstuffs retailing market.
The consumer watchdog accused them of imposing harsh conditions on suppliers in order to manipulate prices.
The Chairman of the Consumer Council's Competition Policy Committee, Thomas Cheng, said such moves would have a negative impact on consumers. --RTHK   
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