Australia’s Leading Grocers to Face Senate Inquiry into Pricing
An employee supervises self-service checkout kiosks at a Woolworths Group grocery store in Sydney, Australia.
Photographer: Brent Lewin/BloombergThis article is for subscribers only.
Australia’s supermarket chains will be forced to answer an inquiry by the nation’s senate regarding their profits, as the rising cost of living becomes a political issue.
Chief executives of the country’s largest food retailers, Woolworths Group Ltd. and Coles Group Ltd., are poised to face policymakers over their price setting practices and “market power” after Australia’s Greens won support from the governing center-left Labor Party for public hearings in 2024.