AUSTRALIAN COMMITTEE WILL NOT CAP RETAILER MARKET SHARE

SYDNEY, Australia (FNS) -- Australian regulatory authorities have rejected calls to restrict the market share of the big supermarket chains in order to protect small retailers.should be no cap to the control of the market by any of the major chains, such as Woolworths, Coles or Franklins.The smaller retailers had demanded that the market share of the bigger companies be sliced from about 80% to as

SYDNEY, Australia (FNS) -- Australian regulatory authorities have rejected calls to restrict the market share of the big supermarket chains in order to protect small retailers.

should be no cap to the control of the market by any of the major chains, such as Woolworths, Coles or Franklins.

The smaller retailers had demanded that the market share of the bigger companies be sliced from about 80% to as low as 25%.

The cap would have forced Woolworths to lose a third of it

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