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New Zealand Plans Regulation to Boost Supermarket Competition

The New Zealand government is preparing to regulate supermarkets and has told the two major players to take immediate steps to increase competition.

“The Government has put supermarkets on notice, and the message is clear: change at pace to increase competition and be prepared for regulation,” Minister of Commerce and Consumer Affairs David Clark said Monday in Wellington. “The supermarket industry doesn’t work. It’s not competitive and shoppers aren’t getting a fair deal. The duopoly needs to change, and we are preparing the necessary legislation to do that.”