View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
April 2, 2003

AUSTRALIA: ACCC gives go-ahead to Coles/Theo’s deal

The Australian Competition and Consumer Commission (ACCC) has said it has no objection to the proposed purchase of the Theo's Liquor New South Wales drinks store chain by the Coles Myer retail group.

The Australian Competition and Consumer Commission (ACCC) has said it has no objection to the proposed purchase of the Theo’s Liquor New South Wales drinks store chain by the Coles Myer retail group.

Coles Myer is planning to buy 49 stores and four hotels from Theo’s Liquor through its Liquorland Pty Ltd retail subsidiary.

The ACCC’s investigation concluded that the removal of the Theo’s Liquor stores as an independent player in the market would not be likely to lead to a significant reduction in competition in either the wholesale or retail liquor markets.

After the acquisition goes through, Coles Myer and rival retail group, Woolworths, will have a combined 30% share of the alcoholic drinks market in New South Wales.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Drinks