A PYMNTS Company

Hong Kong: Consumer advocates eager for supermarket crackdown

By  |  June 30, 2014

While Hong Kong awaits the launch of its new competition law next year, consumer advocates are anxiously waiting for regulators to crack down on the supermarket industry.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    According to reports, some experts are observing price manipulation, market dominance abuse and other anticompetitive behavior in the grocery industry. The market is lead by two top rivals, Dairy Farm International and AS Watson. The two companies were the subject of a marker inquiry conducted last year by the Consumer Council.

    Now, consumer advocates hope the revamped competition regime will help crack down on anticompetitive behavior reportedly running throughout the industry, as calls increase to reign in alleged dominance abuse of the leading supermarkets against their suppliers.

    Similarly, reports say, competitors are seen to be pricing their products identically, though competition experts say a proper market investigation by the Competition Commission is largely seen as the only way to evaluate the industry and enforce stronger competition.

    Full content: South China Morning Post

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.