News about Julian Hilliard

Following the supermarket giant's pricing practices being scrutinized, Woolworths boss Brad Banducci stormed out of a tense television interview. An inquiry into Australia's highly concentrated supermarket market has revealed leaked emails indicating Coles received a one-off $25,000 payment from a manufacturer to partially offset a price increase but then raised the price by the full amount. Rod Sims, the former head of the Australian Competition and Consumer Commission, had ranked Australia as one of the world's most concentrated supermarket industries. Reporter Angus Grigg said to Mr Banducci that the Australian Competition and Consumer Commission had described Australia as having one of the world's most concentrated supermarket industries.