High Court rules $3.25m penalty for Foodstuffs North Island
The proceedings related to historic land covenants in Napier, Lower Hutt, and Wellington, which the judge said was a ‘deliberate effort’ to hinder competitors at that time.
Foodstuffs operates New World, Four Square, and Pak'nSave supermarkets.
Foodstuffs North Island should pay a penalty of $3.25 million for historic anti-competitive land covenant breaches, the Wellington High Court has ruled today.
The Commerce Commission brought proceedings against the supermarket giant at the High Court in Wellington, alleging that anti-competitive
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