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Nicola Willis Proposes Splitting Foodstuffs to Boost Competition

By Drooid · · How we work

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Story summary
  • National Party proposes splitting Foodstuffs co-operative into two firms to boost competition.
  • Finance spokeswoman Nicola Willis says the split would force New World and Pak’nSave to compete on prices.
  • Commerce Commission must approve the split after previously ruling the co-ops did not genuinely compete.
  • Sense Partners estimates the split could save households $3.85-$25.38 per week by 2035.
  • Four Square St Heliers, Pak’nSave Hastings and New World Masterton claim the split would raise grocery prices.