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ACCC blocks Coles supermarket to protect regional city's independents
Coles opened its existing Kalgoorlie supermarket in 2021 after a $16 million development. (ABC Goldfields: Jarrod Lucas)
The competition regulator has blocked Coles from developing a new supermarket in Kalgoorlie in WA, under a new regime for assessing acquisitions.
The city already has a Coles, a Woolworths, two franchised IGA supermarkets, and two independent grocers, and the ACCC said Coles acquiring the new site was likely to substantially lessen competition.
Coles could take the ACCC to the Australian Competition Tribunal for an appeal overseen by an economist, a businessperson and a judge.
In an unprecedented move, Australia's consumer watchdog has exercised new powers to block the opening of a Coles supermarket, on the grounds it could knock out smaller competitors in the surrounding region.
Mining town denied Coles store as watchdog tests powers
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Supermarket giant Coles has been blocked from setting up a new store in a regional mining town in an unprecedented move to protect local competitors.
Australia's second-largest supermarket chain has been hoping to acquire the lease for a vacant lot in Somerville, a suburb of the Goldfields town of Kalgoorlie-Boulder in Western Australia.
It proposed to develop the site into a full-line supermarket and liquor store, the second of its kind owned by Coles in the town.
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