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Supermarket giant fights watchdog over new powers
['Melissa Meehan', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
Coles has demanded evidence used to support claims it could force the closure of a competitor by opening a second supermarket in a regional city.
The competition watchdog used new powers on July 1 to block Coles from developing a new supermarket at Kalgoorlie in Western Australia.
The outback city's 30,000 residents are currently served by four supermarkets: a Coles, a Woolworths and two independents.
The ACCC blocked the second Coles supermarket based on theories of harm, the court was told.
It's not the first time the watchdog has knocked back a supermarket acquisition.