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Aldi Rejects New Laws to Break Up Large Companies

Posted on AllSides April 11th, 2024
From The Right

The supermarket chain raises concerns over new competition laws in Australia. German discount supermarket chain Aldi has opposed the inclusion of divestiture powers—which allow authorities to force companies to strip themselves of assets, such as stores and brands—into Australian competition laws. This comes as the Greens party and the Coalition separately craft legislation allowing the consumer watchdog and the court to break up large companies if they gain too much market power. While the Greens mainly target supermarkets with its legislation, the proposed bill could have a broader impact as...

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