IRELAND: Dunnes, Tesco to be prosecuted over alleged below-cost selling
Irish competition authorities are to prosecute Irish retailers Dunnes and Tesco Ireland over allegations that they violated a ban on selling products below cost.
Investigators have been examining invoices from both retailers following complaints that babyfood was sold at a below-cost price, reported The Grocer. Selling goods below cost is banned in Ireland under the Groceries Order.
A spokesman from the office of the director of consumer affairs said both retailers would be prosecuted for the alleged breaches. The case is likely to come to court in January.
The decision was welcomed by independent retailers' lobby group RGDATA.
"It is vital groups with such incredible market power are not allowed to abuse it at the expense of consumers, suppliers and retailers," the group's director general, Ailish Forde, was quoted by The Grocer as saying.
As the popularity of strict low-carbohydrate diets appears to be in decline, a more moderate alternative has been building in the consumer consciousness. Already popular in Australia, the Glycemic Ind...
Tesco has increased its lead in the UK grocery market, while Sainsbry has also managed to improve its market share, according to the latest figures from market researchers TNS....
Supermarket company Tesco is giving its staff a £220m (US$405m) bonus, thought to be the biggest ever reward handout from a British company, according to the London Evening Standard newspaper....
Supermarket Tesco further increased its lead in the UK grocery market in the twelve weeks to 24 April 2005, according to market analysts TNS. Sainsbury managed a small rise, while Wal-Mart's Asda and ...
Any move from Asda will be an important catalyst in the race to land Somerfield. The Wal-Mart owned group could well see its acquisition target as an important route into the ever-expanding convenienc...
Supermarket chain Tesco has announced a new food labelling system, with 'nutritional signposts,' which it says will make it easier for shoppers to make healthier choices....
Locally owned food retailer CBA is Hungary's biggest supermarket, according to the Budapest Business Journal, which cited statistics compiled by AC Nielsen for trade journal Mai Piac....
Not content with pocketing one in every three pounds spent on groceries in the UK, the supermarket giant Tesco has now become the first British retailer to smash the £2 bn ($3.78bn) profit barrier. Ho...
- Danone's Q1: four things to learn
- Interview: Sir Kensington's on sale to Unilever
- Column: Why snacking is the new meal
- Interview: "Disruptive" snack brand Hippeas
- Nestle Q1 update: four things to learn
- Tyson shops Sara Lee bakery, Kettle and Van's
- Nestle to cut UK confectionery jobs
- Icelandic to sell Saucy Fish Co. owner Seachill
- Tyson to buy burger-to-entree firm AdvancePierre
- TreeHouse Foods sells soup, baby food units